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You Would Like to Have $500,000 Put Away in 20

Question 108

Multiple Choice

You would like to have $500,000 put away in 20 years for your retirement. You plan to put away $14,000 each year (end of year) . What is the minimum interest rate that you would need to receive $500,000?


A) 4.5%
B) 5.72%
C) 6.5%
D) 5%

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