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You have currently accumulated $50,000 thus far for your retirement, and are planning to have $1,000,000 in 30 years when you retire. If you can

You have currently accumulated $50,000 thus far for your retirement, and are planning to have $1,000,000 in 30 years when you retire. If you can add $6,000 each year to your retirement fund, what interest rate do you need to have in order to achieve your retirement goal? a) 6.17% b) 7.24% c) 9.04% d) 10.71%

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