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You want to have $3.05 million when you retire in 39 years. You feel that you can save $700 per month until you retire. What

You want to have $3.05 million when you retire in 39 years. You feel that you can save $700 per month until you retire. What APR do you have to earn in order to achieve your goal?

A. 9.07%

B. 8.37%

C. 9.62%

D. 10.37%

E. 10.08%

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