Amount suggested by your finance lecturer

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Your finance lecturer, suggests that you should have $1,500,000 in your retirement portfolio before you even THINK about retiring. Recently, you received $200,000 from your wealthy grandmother as a birthday present. How much of the $200,000 must you set aside today if you invest a portion of the money at an annual rate of 7.0% and you wish to retire in 30 years with the amount suggested by your finance lecturer

Reference no: EM132544498

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