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Your Goal Is to Have $1 Million in Your Retirement

Question 1

Multiple Choice

Your goal is to have $1 million in your retirement savings on the day you retire. To fund this goal, you will make one lump sum deposit today. If you plan to retire ________ rather than ________ and earn a ________ rate of interest, then you can deposit a smaller lump sum today.


A) sooner; later; low
B) sooner; later; high
C) later; sooner; high
D) later; sooner; low
E) today; later; high

Correct Answer:

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