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Assuming Interest Rates Average 6 Per Cent, How Much Would

Question 115

Multiple Choice

Assuming interest rates average 6 per cent, how much would you need to save at the end of each year if you wished to accumulate one million dollars over 20 years?


A) $50 000
B) $43 800
C) $27 184
D) $14 565

Correct Answer:

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