Your great Aunt Annie has passed. She has given $100,000 but there's a catch. The stipulation in her will is that you must turn the $100,000 into at least $1,000,000 before you can access the money. She has given you 25 years to make this happen or all of the money goes to charity.

Use this online calculator, https://www.calculator.net/investment-calculator, to make yourself a million dollars within 25 years (or less). You get to choose the following:

1. Interest rate (make it realistic)
2. Compounding rate (monthly, annually, etc.)
3. Monthly contribution amount (your auntie is allowing you to contribute monthly or yearly to the savings account, if you choose).

Explain your choices.

Answer rating: 100% (QA)

Here are the inputs I would use on the investment calculator to turn the 100000 into 1000000 within ... View the full answer