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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 $211 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 $211 IN YOUR INVESTMENT ACCOUNT AND PLAN ON ADDING AN ADDITIONAL $10,000 TO THAT ACCOUNT EACH YEAR. WHAT ANNUAL RATE OF RETURN MUST YOU EARN ON AVERAGE TO ACHIEVE YOUR GOAL?

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