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Today is your birthday! You turn 23. Your birthday wish is that you will be a millionaire by your 40th birthday. To make this wish

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Today is your birthday! You turn 23. Your birthday wish is that you will be a millionaire by your 40th birthday. To make this wish come true you decided to walk to your local Wells & Wells bank first thing every morning and deposit $75 a day. You will be doing this every day (your bank is even open on weekends!), until you turn 40. You deposit your first $75 today. What annual interest rate must you earn in order for your wish to come true? Multiple Choice 7.67 percent 9.90 percent O 8.09 percent 10.06 percent C 10.54 percent

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