Question

You want to have $2.4 million when you retire in 36 years. You feel that you can save $420 per month until you retire. What APR do you have to earn in order to achieve your goal?

Multiple Choice

11.13%

11.93%

12.72%

12.37%

10.28%

Answer #1

**Answer:- 11.13%**

**Explanation:-**

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