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QUESTION
An investor wants to have Tsh 10,000,000 when she retires in 20 years. If she can earn a 10% annual return, compounded semi-annually, on her...
An investor wants to have Tsh 10,000,000 when she retires in 20 years. If she can earn a 10% annual return, compounded semi-annually, on her investments. Find the lump-sum amount that she would need to invest today to reach her goal.
