loejus completed his engineering degree and started to work for an engineering firm. Joe wants...
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loejus completed his engineering degree and started to work for an engineering firm. Joe wants to retire early after 30 years working. He plans to invest $5,000 at the end of every year for a 30-year career. If Joe needs $3,954,750 (about $1,400,000 in today's dollars accounting for an expected 35% inflation rate) in savings at retirement, what interest rate must the investment earn
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