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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?

Student Response Feedback

A. 11.83 percent

B. 12.17 percent

C. 12.49 percent

D. 12.76 percent

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