Stacey would like to have $1 million available to her at retirement. If she makes contributions of $300 per month to a tax-free investment account for 30 years, what rate of return must she earn on her investments? Assume that interest is compounded quarterly. (I/Y)

P/Y = 12, C/Y = 4, N = 360, I/Y= ?, PV = 0, PMT = -300, FV = 1,000,000 Stacey will earn 11.90% rate of return on her investment.

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