Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent.

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Question

Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent.
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$__________

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The Answer of Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent.
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$__________

Determine the Amount of Money, to the Nearest Dollar, You