The client states that she will invest the $2,000,000 and would like to be able to...
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The client states that she will invest the $2,000,000 and would like to be able to receive payments of $2,500/mo over 45 years. What annual rate must the investment earn to achieve this? Set up an equation or equations to analyze this situation. Find the answer in any way you desire. The client states that she will invest the $2,000,000 and would like to be able to receive payments of $2,500/mo over 45 years. What annual rate must the investment earn to achieve this? Set up an equation or equations to analyze this situation. Find the answer in any way you desire.
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