# value of money

You want to have \$1,000,000 in your bank account when you turn 65 years old. Today is your 20th birthday. As a birthday present you received \$27,000 and you want to invest this amount. At what annual interest rate must you achieve to realize this goal?

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asked by nmh
1. can you show me how to do this one too?

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posted by nmh

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