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Question
Your daughter is born today and you want her to be a millionaire by the time she is 40 years old. open an investment account that promises to pay 11.5% per year. How much money must you deposit today so your daughter will have $1,000,000 by her 35th birthday?A) $28,575
B) $22,150
C) $20,100
D) $18,940
Answer
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Related questions
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