微信扫一扫
实时资讯全掌握
|
A recent ad for a Roth IRA includes the statement that if a person invests $500 at the beginning of each month for 35 years, they could have $1,000,000 for retirement. Assuming monthly compounding, what annual interest rate is implied in this statement? A. 7.625%. B. 7.411%. C. 6.988%. |