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How much do you need to invest today

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Question - You are planning to retire in 15 years with $1,000,000. You can earn 13% compounded monthly. How much do you need to invest today? (Note: Answers are rounded.)

$182,560

$211,260

$166,780

$143,770

$193,500

$157,820

Reference no: EM132051395

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