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What Monthly Compounded Nominal Rate of Return Would One Need

Question 78

Multiple Choice

What monthly compounded nominal rate of return would one need to achieve in order to have investments of $100 made at the end of every month for 35 years to accumulate to $1 million?


A) 14.50%
B) 14.76%
C) 13.62%
D) 12.93%
E) 11.35%

Correct Answer:

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