Question
You feel that you will need $3.5 million in your retirement account and when you reach that amount, you plan to retire. You feel you
You feel that you will need $3.5 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.4 percent compounded monthly and plan to save $500 per month until you reach your goal. How many years will it be until you reach your goal and retire?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
