Question
You have 45 years left until retirement and you want to retire with $5,000,000 saved. You plan to deposit 900 dollars into the account each
You have 45 years left until retirement and you want to retire with $5,000,000 saved. You plan to deposit 900 dollars into the account each month beginning one month from today.You currently have $10,000 saved.Calculate the rate of return (APR) you would have to earn to reach your retirement goal. (Enter percentages as decimals and round to 4 decimals)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
