Question
A future retiree wants to accumulate $3,000,000. She already has saved $395,000 in her investment and retirement accounts. If she invests an additional $1,800 per
A future retiree wants to accumulate $3,000,000. She already has saved $395,000 in her investment and retirement accounts. If she invests an additional $1,800 per month and earns 9.5% on all her investments, how long will it take her to reach her goal?
A future retiree wants to accumulate $3,000,000. She already has saved $395,000 in her investment and retirement accounts. If she invests an additional $1,800 per month and earns 9.5% on all her investments, how long will it take her to reach her goal?
About 312 months (exactly 26 years)
About 251 months (just shy of 21 years)
About 398 months (a little over 33 years)
About 223 months (not quite 19 years)
About 294 months (exactly 24.5 years)
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Corporate Valuation A Guide For Managers And Investors
Authors: Phillip R. Daves, Michael C. Ehrhardt, Ron E. Shrieves
1st Edition
0324274289, 978-0324274288
