What rate of return would you need if you wanted to accumulate $1,000,000 in 25 years and invest $10,000 per year? O A. 10.11% O B. 9% O C. 34.7% O D. 8.4%
What rate of return would you need if you wanted to accumulate $1,000,000 in 25 years and invest $10,000 per year? O A. 10.11% O B. 9% O C. 34.7% O D. 8.4%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:What rate of return would you need if you wanted to accumulate $1,000,000 in 25 years and invest $10,000 per year?
O A. 10.11%
B. 9%
O C. 34.7%
O D. 8.4%
......
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