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Your child was born today and you want them to be a millionaire. You deposit $30,000 in an investment account that earns 6.5% per year.

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Your child was born today and you want them to be a millionaire. You deposit $30,000 in an investment account that earns 6.5% per year. The money in the account will be distributed to your child whenever the total reaches $1,250,000, How old will your child be when they get the money (rounded to the nearest year? 49 years 74 years siyears 55 years

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