Question
Becky wants to have $1,000,000 when she retires. If she deposits $25,000 in the bank today and earns 8% compounded annually number of years 47.93.
Becky wants to have $1,000,000 when she retires. If she deposits $25,000 in the bank today and earns 8% compounded annually number of years 47.93.
Given the above information, but Becky has learned about a new investment that will earn her 12% compounded annually instead of 8%. How many years will it take her to reach her investment goals?
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Own Your Money
Authors: Michela Allocca
1st Edition
0760381127, 978-0760381120
