A recent ad for a Roth IRA includes the st
问题:
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 $1000000 for retirement. Assuming monthly compounding, what annual interest rate is implied in this statement()
A. 6. 988%.
B. 7.411%.
C. 7.625%.