Today, you turn 21.Your birthday wish is that you will be a millionaire by your 40th birthday.In an attempt to reach this goal, you decide to save £25 a day, every day until you turn 40.You open an investment account and deposit your first £25 today.What rate of return must you earn to achieve your goal?(Assume 365 days in a year.)
A) 15.07%
B) 15.13%
C) 15.17%
D) 15.20%
E) 15.24%
Correct Answer:
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