Today, you turn 21. Your birthday wish is that you will be a millionaire by your 50^thbirthday. In an attempt to reach this goal, you decide to save $20 a day, every day until you turn 50. You opened an investment account and deposited your first $20 at the end of the day. What rate of return must you earn to achieve your goal? Interest is compounded daily.

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The Answer of Today, you turn 21. Your birthday wish is that you will be a millionaire by your 50^thbirthday. In an attempt to reach this goal, you decide to save $20 a day, every day until you turn 50. You opened an investment account and deposited your first $20 at the end of the day. What rate of return must you earn to achieve your goal? Interest is compounded daily.

Today, You Turn 21