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You want to save enough money to retire as a millionaire. a.If you could earn 10% with common stocks, how much would you have to
- You want to save enough money to retire as a millionaire.
a.If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65? Please use your own age.
b.If you were going to make deposit monthly, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age.
c.If you were able to earn 11%, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age.
d.What type of a problem is this? ___________
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