Question
Elizabeth has $35,000 in an investment account. Her goal is to have the account grow to 1,000,000 in 10 years by making annual contributions of
Elizabeth has $35,000 in an investment account. Her goal is to have the account grow to 1,000,000 in 10 years by making annual contributions of $50,000 to the account. What rate would she need to earn on the account in order to meet her goal.
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
