You would like to retire in $30$ years as a millionaire. If you have $$10,000$ today, what effective annual rate of return do you need to earn to achieve your goal? Assume monthly compounding of interest.

Select one:

a$.15\mathrm{.}45\%$

b$.16\mathrm{.}59\%$

C$.18\mathrm{.}74\%$

d$.19\mathrm{.}59\%$

e$.128\mathrm{.}74\%$