Question
You are 20 years old and plan to retire with $1,000,000. You have $25,000 available for investment now.You deposit this into an account that pays
You are 20 years old and plan to retire with $1,000,000. You have $25,000 available for investment now.You deposit this into an account that pays 9.5% interest compounded annually? How old will you be when the account has the target amount? (Answers are rounded.)
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
