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4 . You want to retire early so you know you must start saving money. Thus, you have decided to save $ 7 , 5

4. You want to retire early so you know you must start saving money. Thus, you have decided to save $7,500 a year, starting at age 25. You plan to retire as soon as you can accumulate $1,000,000. If you can earn an average of 10 percent APR on your savings, how old will you be when you retire?
a.52 years
b.53 years
c.54 years
d.55 years

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