Multiple Choice
What monthly compounded nominal rate of return would one need to achieve in order to have investments of $100 made at the end of every month for 35 years to accumulate to $1 million?
A) 14.50%
B) 14.76%
C) 13.62%
D) 12.93%
E) 11.35%
Correct Answer:
Verified
Correct Answer:
Verified
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