Question
Bob is planning to retire in 20 years and wants to have $1 million in his retirement account by that time. Assuming he currently has
Bob is planning to retire in 20 years and wants to have $1 million in his retirement account by that time. Assuming he currently has $100,000 in his retirement account and that he will contribute $10,000 at the end of each year, what annual rate of return does he need to achieve to reach his retirement goal?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
