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You would like to retire a millionaire! You plan on retiring in 40 years and using...

You would like to retire a millionaire! You plan on retiring in 40 years and using historical data you determine that a 5% interest rate compounded quarterly is a reasonable expectation. How much do you need to invest now to have $1000000 in 40 years. How much of The $ 1000000 that you have earned is interest?
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IF ANY QUERY, FEEL FREE TO ASK IN COMMENTS Solution 1 Investment needed today is present value of future value needed Present

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