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You are 20 yoars old today. You want to retre at age 62 and have 55 milion at that lime. Assume you can earn an

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You are 20 yoars old today. You want to retre at age 62 and have 55 milion at that lime. Assume you can earn an average annual rate of raturn of 14 . Your hope is that youm Win the lotiery lodiyy and be able to fund your retirement droam with ono lump sum deposit loday How much would you have fo win, affor taxes, to mako an investinent loday wuticient lo find your dieam? Bon imvosted 57604 twenty yoars ago with an insurance compary that has paid him 6 pecoont simple intereat on his funds. Charles invisted 57004 menty yuas agg at a furd that has poid him e percent inferpit, compounded annually. How much more interost has Charlos oamed than Bon over the past 20 yearn

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