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QUESTION 2 You want to have $2.35 million when you retire in 40 years. You feel that you can save $4,980 per year until you

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QUESTION 2 You want to have $2.35 million when you retire in 40 years. You feel that you can save $4,980 per year until you retire. Interes compounded on a monthly basis. What Annual Percentage Rate do you have to earn in order to achieve your goal? O a. Annual Percentage Rate = 11.01% Ob. Annual Percentage Rate = 8.89% C. Annual Percentage Rate = 10.24% d. Annual Percentage Rate = 9.64%

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