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Mr. Smith would like to have $1 million dollars when he retires, but he currently only has $20,000 in his retirement savings. Assuming he can
Mr. Smith would like to have $1 million dollars when he retires, but he currently only has $20,000 in his retirement savings. Assuming he can earn 8% each year and can invest an additional $10,000 per year, how long will it be before he can retire? Select one: a. 27 b. 14 c. 24 d. 31
Mr. Smith would like to have $1 million dollars when he retires, but he currently only has $20,000 in his retirement savings. Assuming he can earn 8% each year and can invest an additional $10,000 per year, how long will it be before he can retire?
Select one:
a. 27
b. 14
c. 24
d. 31
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