You want to have $2.5 million when you retire in 38 years. You feel that you can save $420 per month until you retire. What
You want to have $2.5 million when you retire in 38 years. You feel that you can save $420 per month until you retire. What APR do you have to earn in order to achieve your goal?
A. 11.66%
B. 12.00%
C. 10.50%
D. 11.20%
E. 9.69%
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Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
