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4. Summary - You will require $1,000,000.00 in 10 years. If you earn 9% compound interest on your funds, how much will you need to invest today in a lump sum in order to reach your savings goal?

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4. Summary - You will require $1,000,000.00 in 10 years. If you earn 9% compound interest ...

Solution Summary

This solution is comprised of a detailed explanation to answer how much will you need to invest today in a lump sum in order to reach your savings goal.

$2.19