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You have saved up $150,000 to invest for retirement. You would like to earn $200,000 in interest, and you think you will earn an average
You have saved up $150,000 to invest for retirement. You would like to earn $200,000 in interest, and you think you will earn an average of 6% interest in the stock market. How many years will you need to invest your money to meet your goal?
25.75 years
12.33 years
22.22 years
15.4 years
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