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What interest rate would you need to earn

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Question - What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000) if you invested $2,000,000 today and wanted to be worth ten million dollars in 15 years?

How many years will it take a $175,000 investment to reach $1 million in total value if it is earning 9.5% per year?

How many years will it take a $75,000 investment to reach $1 million in total value if it is earning 9.5% per year?

Reference no: EM133124552

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