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How much will Susan have to invest today

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Question - Susan would like to have $1.5 million at the time of her retirement in 30 years by making a single investment today. If the investment can earn 5% annually, how much will Susan have to invest today? Given the same amount of investment today, what if Susan has identified an investment that earns 10% annually, how soon could she retire?

Reference no: EM133016544

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