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Your retirement account has a current balance of $80,000. What interest rate would need to be earned in order to accumulate a total of $1,000,000

Your retirement account has a current balance of $80,000. What interest rate would need to be earned in order to accumulate a total of $1,000,000 in 25 years, by adding $7,000 at the end of each year?

70%

9.2%

5.1%

8.6%

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