5 pts AZ Crystal thought she would have $3,000,000 to retire when she reached 65 years...

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5 pts AZ Crystal thought she would have $3,000,000 to retire when she reached 65 years old, but the market has had some bad years. She is now 62 and has only 2,250,000. What rate of return will Crystal need to earn to have her $3,000,000 in three years when she turns 65? 17.2% O 21.3% O 9.8% 13.5% 10.1% 5 pts AZ Crystal thought she would have $3,000,000 to retire when she reached 65 years old, but the market has had some bad years. She is now 62 and has only 2,250,000. What rate of return will Crystal need to earn to have her $3,000,000 in three years when she turns 65? 17.2% O 21.3% O 9.8% 13.5% 10.1%

Answer rating: 100% (QA)

Here we will use the following formula to calculate the required rate FV P 1 rn where FV ... View the full answer