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You want to retire in 23 years and you currently have $28,000 saved in your retirement account. You believe you will need $1,070,000 upon retirement

You want to retire in 23 years and you currently have $28,000 saved in your retirement account. You believe you will need $1,070,000 upon retirement - Assuming no additional contributions, what rate will you need to earn on the account to achieve this goal?

A. 16.39%

B. 14.90%

C. 17.16%

D. 3721.43%

E. 161.80%

D. 18.01%

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