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You have decided that you want to be a millionaire when you retire in 44 years . If you can earn an annual return of
You have decided that you want to be a millionaire when you retire in 44 years . If you can earn an annual return of 1114 percent, how much do you have to invest today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) b. What if you can earn an annual return of 5.57 percent? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) a. Amount to inwest b. Amount to invest
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