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Paul Finley wishes to become a millionaire. His money market fund has a balance of $239,392 and has a guaranteed interest rate of 10%. How
Paul Finley wishes to become a millionaire. His money market fund has a balance of $239,392 and has a guaranteed interest rate of 10%. How many years must Paul leave that balance in the fund in order to get his desired $1,000,000? (Round answer to 0 decimal places, e.g. 45.) years LINK TO TEXT LINK TO VIDEO Assume that Karen Williams desires to accumulate $1,000,000 in 15 years using her money market fund balance of $209,004. At what interest rate must Karen's investment compound annually? (Round answer to O decimal places, e.g. 5%.) Interest rate %
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