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If you were to invest $ 1 , 0 0 0 each year for the next 4 0 years, then what rate of return is

If you were to invest $1,000 each year for the next 40 years, then what rate of return is required for your investment to be worth $1,000,000?(Assume the first payment will begin one year from today)If you were to invest $1,000 each year for the next 40 years, then what rate of return is required for your investment to be worth $1,000,000?(Assume the first payment will begin one year from today)
10.51%
18.85%
14.80%
21.25%
None of the above

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