You have inherited 25000 you plan to invest the inheritance, Financial Management

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You have inherited 25000 you plan to invest the inheritance

You have inherited $25,000. You plan to invest the inheritance in a portfolio of stocks and bonds yielded 9%. Your goal is to have this investment fund your retirement, which you estimate will require $3,200,000. Using the Rule of 72, how long will it take to reach your investment goal?

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Financial Management: You have inherited 25000 you plan to invest the inheritance

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Financial Management: You have inherited 25000 you plan to invest the inheritance

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