Question
Lynn refuses to retire until her retirement account has a balance of at least $500,000. She will not make any more deposits in the account.
Lynn refuses to retire until her retirement account has a balance of at least $500,000. She will not make any more deposits in the account. The account currently has a balance of $413,766.21 and earns 6.4% per year, compounded semi-annually. About how long does Lynn have before she can retire?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
