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You start investing $46,000 annually and the bank provides you 5.60% interest in your account compounded annually. At what age should you start saving in

You start investing $46,000 annually and the bank provides you 5.60% interest in your account compounded annually. At what age should you start saving in order to reach your retirement goal of $1,230,000 at age 70 ?

a.

48

b.

27

c.

17

d.

53

e.

59

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You start investing $46,000 annually and the bank provides you 5.60% interest in your account compounded annually. At what age should you start saving in

You start investing $46,000 annually and the bank provides you 5.60% interest in your account compounded annually. At what age should you start saving in order to reach your retirement goal of $1,230,000 at age 70 ? a. 48 b. 27 c. 17 d. 53 e. 59

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You start investing $46,000 annually and the bank provides you 5.60% interest in your account compounded annually. At what age should you start saving in order to reach your retirement goal of $1,230,000 at age 70 ?

a.

48

b.

27

c.

17

d.

53

e.

59