Your son is born today and you want to make him a millionaire when he is 50
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Question:
Your son is born today and you want to make him a millionaire when he is 50 years old. You put $10,700 in an investment account and want to know what annual interest rate you must earn so that the value of the account equals $1,000,000 on your child's 50th birthday.
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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