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Ken Griffin needs to save $43 million to buy a copy of the US constitution. He will make monthly starting with $1 million at the
Ken Griffin needs to save $43 million to buy a copy of the US constitution. He will make monthly starting with $1 million at the end of the first month, in his hedge fund which has an effective annual rate of 11%. Each month his deposits will grow by r%. Find r so that he will meet his target at the end of 3 years. a. 0.129% b. 1.003% c. 1.920% d. 0.537% e. 0.547% Certainty : C=1 (Unsure: 67%) C=3 (Quite sure: >80%)
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