Question
Unit 4: Linda wants to retire in 25 years with $2,500,000 in her IRA. She plans to invest $20,000 a year into the account until
Unit 4: Linda wants to retire in 25 years with $2,500,000 in her IRA. She plans to invest $20,000 a year into the account until she retires. About what rate of interest must Linda earn on the IRA to meet her goal?
| 8.37% | ||
| 9.83% | ||
| 10.87% | ||
| 11.58% |
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Real Estate Finance
Authors: Walt Huber, Levin P. Messick
5th Edition
0916772438, 9780916772437
