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You have $50,000 to invest today. You hope to have $2,000,000 in forty years.

You have $50,000 to invest today. You hope to have $2,000,000 in forty years. If you do not plan on making any additional investments, what annual rate of return will you have to achieve on your investment to reach your goal?

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Annual rate of return = [... View the full answer

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The way to answer this question is ... View the full answer

rate of return = 9.66%... View the full answer

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