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Question - You are planning to retire in 15 years with $1,000,000. You can earn 10.5% compounded quarterly. How much do you need to invest today? (Note: Answers are rounded.)
A. $166,785
B. $157,820
C. $143,775
D. $182,560
E. $193,500
F. $211,260
Accounting Basics, Accounting
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