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Suppose you invest $500 in a stock mutual fund at the end of each month. When you retire at the end of your 35-year
Suppose you invest $500 in a stock mutual fund at the end of each month. When you retire at the end of your 35-year career, your account is worth $4,000,000. What annual rate of return did you earn over the 35 years? a) 15.62% b) 24.13% c) 6.73% d) 12.81% e) no solution exists
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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