Multiple Choice
What annual rate of return would Jia need to earn if she deposits $20,000 per year into an account beginning one year from today in order to have a total of $1,000,000 in 30 years?
A) 2.3%
B) 3.3%
C) 1.3%
D) 4.3%
Correct Answer:
Verified
Correct Answer:
Verified
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