What is the required rate of interest to achieve this goal

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Reference no: EM131943095

A student beginning their career has $10,000 in savings. They plan to retire in 45 years while investing $6,000 every year at the end of the year compounded annually in the hopes of having $1,000,000 at retirement. What is the required rate of interest to achieve this goal?

Reference no: EM131943095

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