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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
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)
A) None of the above B) 21.25% C) 14.80% D) 10.51% E) 18.85% |
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