Multiple Choice
Your retirement account has a current balance of $50,000. What interest rate would need to be earned in order to accumulate a total of $1,000,000 in 30 years, by adding $6,000 annually?
A) 5.02%
B) 7.24%
C) 9.80%
D) 10.07%
Correct Answer:
Verified
Correct Answer:
Verified
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