QUESTION $14$

An individual plans to retire in $35$ years with a goal of having $$1,000,000$ in their retirement fund. They currently have $$320,000$ saved. Assuming they do not contribute anymore to this fund, what annual interest rate is required to meet their retirement goal?

A$.$

$6\mathrm{.}51\%$

B$.$

$5\mathrm{.}78\%$

C$.$

$5\mathrm{.}19\%$

D$.$

$4\mathrm{.}71\%$

E$.$

$4\mathrm{.}29\%$

F$.$

$3\mathrm{.}92\%$

G$.$

$3\mathrm{.}60\%$

H$.$

$3\mathrm{.}31\%$