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What effective annual rate (EAR) of return would Grandma Zoe need to earn if she deposits $1,000 per month into an account beginning one month

What effective annual rate (EAR) of return would Grandma Zoe need to earn if she deposits $1,000 per month into an account beginning one month from today in order to have a total of $1,000,000 in 20 years?

11.74%

12.08%

12.77%

13.21%

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