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You have 32 years left until retirement and you want to retire with $5,000,000 saved. You plan to deposit 1,200 dollars into the account each
You have 32 years left until retirement and you want to retire with $5,000,000 saved. You plan to deposit 1,200 dollars into the account each month beginning one month from today. You currently have $100,000 saved. Calculate the rate of return (APR) you would have to earn to reach your retirement goal. (Enter percentages as decimals and round to 4 decimals)
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