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3) Suppose you wanted to retire at 50 years old. What annual rate you need to compound your money to retire after 30 years? If

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3) Suppose you wanted to retire at 50 years old. What annual rate you need to compound your money to retire after 30 years? If you contributed $1,000 per month, after your 20 th birthday how would this affect your annual investment rate? A) 14.73%;5.51% B) 15.32%;4.51% C) 16.53%;5.51% D) 15.73%;4.51% 3) Suppose you wanted to retire at 50 years old. What annual rate you need to compound your money to retire after 30 years? If you contributed $1,000 per month, after your 20 th birthday how would this affect your annual investment rate? A) 14.73%;5.51% B) 15.32%;4.51% C) 16.53%;5.51% D) 15.73%;4.51%

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