Question: How long would it take for you to save an adequate amount for retirement if you deposit $40,000 per year into an account beginning today

How long would it take for you to save an adequate amount for retirement if you deposit $40,000 per year into an account beginning today that pays 12 percent per year if you wish to have a total of $1,000,000 at retirement? A. 11.5 years B. 10.5 years C. 14.8 years D. 12.2 years

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