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Assume that you are 2 0 years old now and have $ 1 0 0 0 in hand to invest in one business project, and

 

Assume that you are 20 years old now and have $1000 in hand to invest in one

business project, and you wish to have $2,000,000 in hand when you turn 60 based solely on

the investment earned from this project. What is the minimum yearly earning rate (%) this

project should attain in order to achieve your goal? Calculate.

 

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