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Sheldon Cooper invests $500 each month at the beginning of the month in a Fidelity account and expects the average rate of return to be
Sheldon Cooper invests $500 each month at the beginning of the month in a Fidelity account and expects the average rate of return to be 9.85%. How long will it take for him to become a millionaire(accumulate $1M)?
Answer choices:
A). approximately 412 years
B). Approximately 166 years
C). Approximately 34 years
D). Cannot be determined
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