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You want to retire has a millionaire. How much do you need to put away each month if: A. You use common stocks and have
You want to retire has a millionaire. How much do you need to put away each month if: | ||||
A. You use common stocks and have an average return of 10%? | ||||
B. You use corporate bonds and have an average return of 6%? | ||||
C. You use government bonds and have an average return of 4%? | ||||
D. You put your money in a CD at 2.5% interest rate? Age 43 I need a step by step explanation in Exel formula plz | ||||
(Please use your own age. If you are over 45, please solve for saving a $100,000.) |
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