document.write( "Question 185426This question is from textbook
\n" ); document.write( ": Wilma wants to have $2,000,000 when she retires in 45 years. Assuming that she can average 4.5% return annually in Treasury Bills, then how much must she invest now in Treasury Bills to achieve her goal? \n" ); document.write( "

Algebra.Com's Answer #139120 by checkley77(12844) $\"\"$ $\"About$

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x(1+.045)^45=2,000,000
\n" ); document.write( "x(1.045)^45=2,000,000
\n" ); document.write( "x=2,000,000/(1.045)^45
\n" ); document.write( "x=2,000,000/7.248
\n" ); document.write( "x=$275,938 is the amount needed to invest now to have $2,000,000 in 45 years @ 4.5% annually. \n" ); document.write( "

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