Question
You want to be a millionaire when you retire in 40 years. (Do not round intermediate calculations. Round the final answers to 2 decimal places.
You want to be a millionaire when you retire in 40 years. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)
How much do you have to save each month if you can earn an 11% annual return? Assume that the APR is compounded monthly.
Savings per month $
If you can earn an 11% annual return. How much do you have to save if you wait ten years before you begin your deposits? Assume that the APR is compounded monthly.
Savings per month $
If you can earn an 11% annual return. How much do you have to save if you wait 20 years before you begin your deposits? Assume that the APR is compounded monthly.
Savings per month
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Project Finance In Theory And Practice
Authors: Stefano Gatti
3rd Edition
0128114010, 978-0128114018
