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Posted on Oct 19, 2024

Suppose someone has $ 2 1 8 , 3 3 7 in their retirement accounts, and would like to retire with $ 1 , 2

Suppose someone has $

218, 337

in their retirement accounts, and would like to retire with $

1, 200, 000

in their accounts.

If they neither add to nor withdraw from these accounts, and their investments earn a

9.25 %

CAGR, to the nearest whole number of years how many years will it take for them to reach their retirement goal?

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