Denise would like to make a single lump-sum investment and, Financial Management

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Denise would like to make a single lump-sum investment and

Denise would like to make a single lump-sum investment and have $2.0 million at the time of her retirement in 35 years. She has found a mutual fund that expects to earn 4% annually. How must Denise invest today? If she earned an annual return of 14%, how much must she invest today?

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Financial Management: Denise would like to make a single lump-sum investment and

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