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Mathematics, 20.04.2021 04:20 cmb6627

· My daughter, age three, informs me that if I invest $2500 per year in a tax-exempt account on her behalf for the next six years, she'll eventually be a millionaire, and she
won't need any other money for retirement at age 65.
Assuming the investment earns an 8% APR, compounded quarterly, is she correct?

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· My daughter, age three, informs me that if I invest $2500 per year in a tax-exempt account on he...

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