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Business, 15.02.2021 18:20 colbygreen6189

You have decided that you when you retire 40 years from now, you want to buy a lodge in Northern Manitoba that you believe will cost $100,000 at that time. You have found an investment opportunity that will yield an interest rate of 7.5% annually, compounded annually. How much will you need to invest now to reach your goal?a. $5,541.94b. $6,426.89c. $4,091.67d. $8,832.02

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