Question: Now, let's consider the factors that could influence the amount he needs to deposit today to reach his $ 2 million goal on the day

Now, let's consider the factors that could influence the amount he needs to deposit today to reach his $2 million goal on the day of his retirement. Under what circumstances can he deposit a smaller lump sum today?
I. Retire in 12 years.
II. Retire in 18 years.
III. Deposit in a different account, which pays 7 percent interest.
IV. Deposit in a different account, which pays 5 percent interest.

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