Today, you invested $5,100 in a retirement account. What annual rate of return will you have to earn if your account is to be worth $66,000 when you retire 37 years from now? Assume you make no further deposits into this account.
Question
Today, you invested $5,100 in a retirement account. What annual rate of return will you have to earn if your account is to be worth $66,000 when you retire 37 years from now? Assume you make no further deposits into this account.
7.58 percent
7.64 percent
7.51 percent
7.17 percent
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