How much more will she has to deposit as a lump sum

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Rihan plans to retire 40 years from now, she wants to have $4.5 million. Rihan thinks she can earn an average of 10 percent on his investments. To meet her goal, she is trying to decide whether to deposit a lump sum today, or to wait and deposit a lump sum 4 years from today. How much more will she has to deposit as a lump sum if she waits for 4 years before making the deposit?

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Reference no: EM133275054

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