1. If you plan to have $1,000,000 at retirement, and will save $20,000 per year for 30 years, and you start the plan by depositing $50,000 today, what rate of interest will you have to earn to reach this goal.

Using the rate of return from question 23, and assume all of the above, but that the $20,000 payment is made at the beginning of each year for 30 years, and you still deposit the $50,000 to start the plan, how much more will you have at retirement by making the annual payments at the beginning of the year.

How long will it take to double your money if you earn 5% annually on the deposit?

*These all relate to the first part of the question