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You have $80,000 to invest today. You hope to have $2,000,000 in 30 years. If you do not plan on making any additional investments, what

  1. You have $80,000 to invest today. You hope to have $2,000,000 in 30 years. If you do not plan on making any additional investments, what annual rate of return will you have to achieve on your investment to reach your goal?

please work out calculations, with the formula used included

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