Question
Alex wants to retire in 30 years with $1,200,000 saved. Alex intends to save $15,000 at the beginning of each year for the next 30
Alex wants to retire in 30 years with $1,200,000 saved. Alex intends to save $15,000 at the beginning of each year for the next 30 years. What interest rate does Alex expect to earn?
Question 4Answer
a.
5.24%
b.
6.07%
c.
6.54%
d.
5.75%
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
0470390158, 978-0470390153
