Multiple Choice
Your daughter is born today and you want her to be a millionaire by the time she is 40 years old.open an investment account that promises to pay 11.5% per year.How much money must you deposit today so your daughter will have $1,000,000 by her 35th birthday?
A) $28,575
B) $22,150
C) $20,100
D) $18,940
Correct Answer:
Verified
Correct Answer:
Verified
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