Bill mitselfik who is celebrating his 25th birthday wishes, Ask an Expert

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Bill Mitselfik, who is celebrating his 25th birthday, wishes to retire a millionaire when he is 45 years old. He figures he can make annual deposits (starting today, on his birthday) of $14,000 into a retirement fund. What sort of return (interest) must Bill earn so he can retire according to his plan?

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Accounting Basics, Accounting

Category:- Accounting Basics
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