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Your goal is to retire 25 years from now and have investments worth $3,600,00 at that...

Your goal is to retire 25 years from now and have investments worth $3,600,00 at that time. Today you have $198,000 in your investment account and plan on adding $1,000 each month to the account. What annual rate of return must you earn on average to achieve your goal?

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Answer #1

Hence, annual rate of return is 9.86% (0.822%*12)

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