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    Exam 3: Understanding and Appreciating the Time Value of Money
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    Suppose the Investment Rate of Return Were 18
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Suppose the Investment Rate of Return Were 18

Question 77

Question 77

Multiple Choice

Suppose the investment rate of return were 18%.At this rate,when would Arnold reach the $1,000,000 mark?


A) at age 42
B) at age 54
C) at age 62
D) at age 68

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