Fall0:7Suppose an investor wants to have $10 million to retire 45 years from now

Fall0:7Suppose an investor wants to have $10 million to retire 45 years
from now. How much would she have to invest today with an annual rate of return
equal to 15 percent?
A. $18,561
B. $17,844
C. $20,003
D. $21,345
Level of difficulty: Medium