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QUESTION
You want to be a "millionaire" and you have 44 years to achieve it.
You want to be a “millionaire” and you have 44 years to achieve it. What lump sum could you invest now to reach your goal, assuming that (on average) you receive an annual rate of return of 4% compounded monthly?
about $863,792
about $172,182
about $178,046
about $172,549
