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If I wanted to have $150,000.00 when I retire in 10 years and I'm investing into a high yield bond that pays 7% compounded annually, what do I have to invest today to achieve my goal?

Tell me the formula and solve the equation.

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If I wanted to have $150,000.00 when I retire in 10 years and I'm investing into a high yield bond that pays 7% compounded ...

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