You would like to have 1000000 40 years from now but the, Finance Basics

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You would like to have 1000000 40 years from now but the

Question: (Rate of Return of an annuity) You would like to have $1,000,000 40 years from now, but the most you can afford to invest each year is $1,200. What annual rate of rate will you have to earn to reach your goal? I have attempted several times with not coming up with the expected answer already provided. Please show detailed work on on this was solved.

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