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You have decided that you want to be a millionaire when you retire in 44 years. How much do you have to invest today if you can earn an annual return of 5.55 percent?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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How much do you have to invest today if you can earn an annual return of 5.55 percent?

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