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You are currently 23. you can afford to deposit $850 per month into an account that earns 4.8% annual interest compounded monthly. Your goal is
You are currently 23. you can afford to deposit $850 per month into an account that earns 4.8% annual interest compounded monthly. Your goal is to retire with $1 million. How.old will you be when you retire?
4. You are currently 23. You can afford to deposit $850 per month into an account that earns 4.8% annual interest compounded monthly. Your goal is to retire with $1 million. How old will you be when you retire? Show what you typed into the TVM solver below. Put a ? for the value you solve for. N= 1%= PV= PMT= FV= P/Y= C/Y= SHOW ALL ADDITIONAL WORK ON PAPER. Round your answer to the nearest year. Age at retirementStep by Step Solution
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