Multiple Choice
You want to retire in 25 years and you have just inherited $300,000. You believe you will need $1,450,000 upon retirement. What rate will you need to earn on the account to achieve this goal?
A) 4.5%
B) 5.5%
C) 6.5%
D) 8.5%
Correct Answer:
Verified
Correct Answer:
Verified
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