Question
Kevin wants to pay $26,000 each year on his investment account and would like to retire with $3,550,000. Assuming the interest rate for Kevins investment
Kevin wants to pay $26,000 each year on his investment account and would like to retire with $3,550,000. Assuming the interest rate for Kevin’s investment account is 12.5% and that it will compound semiannually, how many years will it take before Kevin meets his investment goal of $3,550,000?
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