(See Solution) You want to have $1,000,000 in your bank account when you turn 65 years old. Today is your 20 th birthday. As a birthday present you received
Question: You want to have $1,000,000 in your bank account when you turn 65 years old. Today is your 20 th birthday. As a birthday present you received $27,000 and you want to invest this amount. At what annual interest rate must you achieve to realize this goal?
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