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How much will Amanda have to invest today

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Question - Amanda Lavoie would like to make a single investment and have $2.0 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Amanda have to invest today? If Amanda earned an annual return of 14 percent, how soon could she then retire?

If Amanda can earn 4 percent annually for the next 35 years, the amount of money she will have to invest today is?

Reference no: EM133041237

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