1. You are 25 years old and need to have $1,000,000 in savings before you retire at...

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1. You are 25 years old and need to have $1,000,000 in savings before you retire at age 75. You estimate you will receive an annual return of 8% on investments.

(LO 16-1)

a. How much do you need to put into retirement savings on an annual basis?

b. How much do you need to put into retirement savings on an annual basis if you get an annual return of 10%?

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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Question Posted: Jul 26, 2024 07:00 AM

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1. You are 25 years old and need to have $1,000,000 in savings before you retire at...

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Personal Finance Building Your Future

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