You want to have the equivalent of $700,000 (in terms of today's spending power) when you retire in 30 years. Assume a 3% rate of annual inflation. If you can earn 10% annually, how much do you have to invest per year in order to have your full amount of money needed at retirement? (A) 21230.00 (B) 85,651.00 (C) 7856.00 (D) 10,329.00
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