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Calculate the rate of return would have to earn to reach

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Problem 1: You have 40 years left until retirement and you want to retire with $3,000,000 saved. You plan to deposit 500 dollars into the account each month beginning one month from today. You currently have $100,000 saved. Calculate the rate of return (APR) you would have to earn to reach your retirement goal. (Enter percentages as decimals and round to 4 decimals)

Reference no: EM132919683

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