At the end of each of the next 40 years, Im going to put $20,000 in my

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At the end of each of the next 40 years, I’m going to put $20,000 in my retirement fund. What rate of return on my investments do I need so that I will have $2 million available for retirement in 40 years?

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Microsoft Excel Data Analysis And Business Modeling

ISBN: 9780137613663

7th Edition

Authors: Wayne Winston

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Question Posted: Apr 05, 2023 11:40 AM

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At the end of each of the next 40 years, Im going to put $20,000 in my

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To calculate the required rate of return we can use the present value formula PV FV 1 rn Where PV pr...View the full answer

Microsoft Excel Data Analysis And Business Modeling

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