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Your goal is to retire 30 years from now and have investments worth $2.5 million at that time. Today, you have $211 in your investment account and plan on adding an additional $10,000 to that account each year. What annual rate of return must you earn on average to achieve your goal?

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A. 11.83 percent

B. 12.17 percent

C. 12.49 percent

D. 12.76 percent

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Basic Finance, Finance

Category:- Basic Finance
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