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You feel that you will need $1.5 million in your retirement account and when you reach that amount, you plan to retire. You feel you

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You feel that you will need $1.5 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 9.5 percent compounded monthly and plan to save $200 per month until you reach your goal. How many years will it be until you reach your goal and retire? Multiple Choice 45 18 years 43. 33 years 3734 years 5208 years 40.00 years

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