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What interest rate need to earn in order to become deca

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Reference no: EM133009944

Problem 1: What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000) if you invested $1,000,000 today and wanted to be worth the total of ten million dollars in 15 years?

Group of answer choices

Option 1: No solution. Error.

Option 2: 14.56%

Option 3: 16.59%

Option 4: 22.83%

Reference no: EM133009944

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