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Your mother just won $274,538 from splitting a Nobel Prize with three coworkers. If she invests her prize money in a diversified equity portfolio returning
Your mother just won $274,538 from splitting a Nobel Prize with three coworkers. If she invests her prize money in a diversified equity portfolio returning 9 percent per year, approximately how long will it take her to become a millionaire, before accounting for taxes? View FVIF table in Appendix A.
If she invests her prize money in a diversified equity portfolio returning 9 percent per year, to become a millionaire, before accounting for taxes, it will take her ______Years (round to the nearest year)
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