Multiple Choice
You have currently accumulated $50,000 for retirement,and are planning to have $1,000,000 in 30 years when you retire.If you can add $6,000 each year,what interest rate do you require of your retirement fund?
A) 6.17%
B) 7.24%
C) 9.04%
D) 10.71%
Correct Answer:
Verified
Correct Answer:
Verified
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