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QUESTION 15 What effective annual rate (EAR) of return would Grandma Zoe need to earn if she deposits $1,000 per month into an account beginning
QUESTION 15 What effective annual rate (EAR) of return would Grandma Zoe need to earn if she deposits $1,000 per month into an account beginning one month from today in order to have a total of $1,000,000 in 20 years? 11.74% 12.08% O O 12.77% O 13.21%
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