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Question 8 (3.3 points) Today, Bruce and Brenda each have $150,000 in an investment account. No other contributions will be made to their investment accounts.

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Question 8 (3.3 points) Today, Bruce and Brenda each have $150,000 in an investment account. No other contributions will be made to their investment accounts. Both have the same goal: They each want their account to reach $1 million, at which time each will retire. Bruce has his money invested in risk-free securities with an expected annual return of 5 percent. Brenda has her money invested in a stock fund with an expected annual return of 10 percent. How many years after Brenda retires will Bruce retire? 12.6 19.0 O 19.9 29.4 38.9 Save Page 8 of 30 Previous Page Next Page

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