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 $20 a day,every day until you turn 40.You open an investment account and deposit your first $20 today.What rate of return must you earn to achieve your goal?
A) 16.07%
B) 16.13%
C) 16.17%
D) 16.70%
E) 17.24%
Correct Answer:
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