Here is the problem:
What rate of return, compounding monthly, would have to be earned on a $100,000 investment in order to accumulate $1 million in 30 years?
I know you do:
N=360 (30*12 to compensate for monthly compounding)
PMT=0
But I just don't know if PV and FV are negative or what? Please let me know and please list it like this
PV
FV
I/YR
N
PMT
Thanks!
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