Question
Lena wants to retire in 20 years with a goal of having $1,000,000 in savings. If she can save $1,500 per month, and expects an
Lena wants to retire in 20 years with a goal of having $1,000,000 in savings. If she can save $1,500 per month, and expects an average annual rate of return of 8%, will she reach her goal? Show all calculations.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
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