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You feel that you will need $1.6 million in your retirement account and when you reach that amount, you plan to retire. You feel you
You feel that you will need $1.6 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 9.6 percent compounded monthly and plan to save $215 per month until you reach your goal. How many years will it be until you reach your goal and retire? Multiple Choice 51.68 years 42.91 years 44.76 years 36.78 years 39.61 years
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