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What effective annual rate of return (EAR) would Rayne need to earn if she deposits $1,000 per month into an account beginning one month from
What effective annual rate of return (EAR) would Rayne 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 30 years?
SHOW THE EXCEL FUNCTION USED. Explain why you used that excel function, explain the values in that function.
Please do not show a formula. Please do not show a formula used in Excel. Please ONLY SHOW EXCEL FUNCTIONS.
Thanks!
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