Today you turn 21 your birthday wish is that you will be a


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?

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Financial Management: Today you turn 21 your birthday wish is that you will be a
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