Suppose you will be investing $19,000 at the end of each year for the next 30 years for your retirement. At the end of this 30 year time period you hope to have accumulated $3 million. What annual rate of return would you have to earn on your investments to reach your target? (Round your answer to the nearest whole number percentage) Answer a. 15% b. 10% c. 8% d. 6%

Suppose you will be investing $19,000 at the end of each year for the next 30 years for your retirement. At the end of this 30 year time period you hope to have accumulated $3 million. What annual rate of return would you have to earn on your investments to reach your target? (Round your answer to the nearest whole number percentage)
Answer
a. 15%
b. 10%
c. 8%
d. 6%



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