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You have $3,000 to invest in your retirement account today. Assuming you can...

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Question

Finance

You have $3,000 to invest in your retirement
account today. Assuming you can earn a 10.5%
rate of return, how long will it take to accumulate
$250,000(approximately)?
a)42.4 years
b)46.4 years
c)45.3 years
d)44.3 years**
e) It can't be done.
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