Question
How many months do you need to work to have enough money to retire? Assume you want $1,000,000 to retire, you currently do not have
How many months do you need to work to have enough money to retire? Assume you want $1,000,000 to retire, you currently do not have any savings, but starting next month, you will be able to make monthly deposits of $700 into your retirement account that returns on average 5.5% per year compounded monthly.
- 981 months
- 37 months
- 442 months
- 82 months
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
