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Business, 30.03.2020 20:31 liln223

An engineer deposits $540 each month into a retirement account. After 30 years, the balance in the account is $1.7 million. Determine the effective annual rate of return for this account. Express your answer in % (not decimal) to the nearest 0.1%.

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An engineer deposits $540 each month into a retirement account. After 30 years, the balance in the a...

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