Question
Mark is 25 years old. He plans to retire with $2.5 million in his IRA. He plans to deposit $13,000 into the account each year
Mark is 25 years old. He plans to retire with $2.5 million in his IRA. He plans to deposit $13,000 into the account each year and expects to earn 5% on the account over the period. About how old will Mark be when he meets his retirement goal?
| 49 years old | ||
| 79 years old | ||
| 74 years old | ||
| 71 years old |
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
