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You would like to retire in 50 years as a millionaire. If you have $10,000 today, what rate of return do you need to earn
You would like to retire in 50 years as a millionaire. If you have $10,000 today, what rate of return do you need to earn to achieve your goal? The future value is $1,000,000. The present value is $10,000, and there are 50 years until payment. We need to calculate the unknown discount rate in the following
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