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Luis wants to have $1,800,000 in net worth when he retires. To achieve this goal, he plans to invest $12,000 each year (starting one year
Luis wants to have $1,800,000 in net worth when he retires. To achieve this goal, he plans to invest $12,000 each year (starting one year from now) into an account that earns 7% interest compounded annually. The amount of time before Lis can retire as a multi-millionaire 's how many years The amount of time before Luis can retire as a multi-millionaire is 12.08 years. (Round to the nearest whole number.)
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