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Randy Hill wants to retire in 20 years with $1,000,000. If he can earn 10% per year on his investments, how much does he need
Randy Hill wants to retire in 20 years with $1,000,000. If he can earn 10% per year on his investments, how much does he need to deposit each year to reach his goal? Round your answer to the nearest dollar.
| $25,000 | ||
| $18,000 | ||
| $5,727 | ||
| $17,460 | ||
| None of these choices are correct. |
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