Question
You currently have a retirement portfolio balance of $800,000. You recently met with your financial advisor and determined you need to have $2.032 million saved
You currently have a retirement portfolio balance of $800,000. You recently met with your financial advisor and determined you need to have $2.032 million saved before you can retire. If you are able to earn a return of 6% and dont plan any further contributions, how much longer do you have to work before you can retire? What rate of return would you need to earn in order to retire in 12 years?
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
