Question
How much will you have accumulated, if you annually invest $3000 into an IRA at 12% interest compounded bi-annually for: a. 10 year b. 20
How much will you have accumulated, if you annually invest $3000 into an IRA at 12% interest compounded bi-annually for: a. 10 year b. 20 years c. 50 years d. How long will it take to earn your first million dollars? Your answer should be exact rounded within 2 decimal places. Please use logarithms to solve.
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
