Anthony has started a new job upon graduation from college. He is eager to begin saving...

 

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Anthony has started a new job upon graduation from college. He is eager to begin saving for retirement. His goal is to have $1 million saved by the time he is ready to retire. On his 25th birthday. Anthony deposits $5,000 into a retirement account. Thereafter, he deposits $12,000 at the end of each year. If the interest rate generated on the account is 1.5% p.q.c.d., how many years will it take WITH him to achieve his goal? Please round your answer to the nearest year. Anthony has started a new job upon graduation from college. He is eager to begin saving for retirement. His goal is to have $1 million saved by the time he is ready to retire. On his 25th birthday. Anthony deposits $5,000 into a retirement account. Thereafter, he deposits $12,000 at the end of each year. If the interest rate generated on the account is 1.5% p.q.c.d., how many years will it take WITH him to achieve his goal? Please round your answer to the nearest year.

Answer rating: 100% (QA)

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