Question

"What annual interest rate would you need to earn if you wanted a $400 per month...

"What annual interest rate would you need to earn if you wanted a $400 per month contribution starting 1 month from today to grow to $36,700 in seven years (Assume monthly compounding and that you are starting with no savings)?"

2.52%

2.25%

3.00%

1.94%

Not possible to compute with the data provided

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