Today is Almo's 20^th birthday and he has just received a large amount of money to sign a contract with a professional hockey team. He wants to put away enough money to make sure that on his 50^th birthday he will have $2,500,000. For the next ten years he is confident that his investments will earn 15% compounded annually and after that, 10% compounded annually. How much must he invest today? A) $761,545 B) $299,419 C) $117,674 D) $99,278 E) $91,856

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The Answer of Today is Almo's 20^th birthday and he has just received a large amount of money to sign a contract with a professional hockey team. He wants to put away enough money to make sure that on his 50^th birthday he will have $2,500,000. For the next ten years he is confident that his investments will earn 15% compounded annually and after that, 10% compounded annually. How much must he invest today? A) $761,545 B) $299,419 C) $117,674 D) $99,278 E) $91,856

Today Is Almo's 20th Birthday and He Has Just Received

Today Is Almo's 20^th Birthday and He Has Just Received