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You are saving for retirement and have decicled that you will need $ 1 million when you retire in 2 0 years. You have $
You are saving for retirement and have decicled that you will need $ million when you retire in years. You have $ today. Over the next years, you will invest in a fund that will earn per year. At the end of years, you will transter your investment to a new fund. What annualized peturn does the new fund need to earn, so that you can reach your Retirement goal?
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