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Your goal is to retire 30 years from now and have investments worth $2.5 million at that time. Today, you have $0 in your investment
Your goal is to retire 30 years from now and have investments worth $2.5 million at that time. Today, you have $0 in your investment account and plan on adding an additional $10,000 to that account at the end of each year. What annual rate of return must you earn on average to achieve your goal? (SHOW CALCULATIONS) A. 11.83 percent B. 12.18 percent C. 12.49 percent D. 12.76 percent E. 19.34 percent
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