John is 30 years old and wants to retire at the age of 60 with $1,000,000 in
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John is 30 years old and wants to retire at the age of 60 with $1,000,000 in savings. He currently has $50,000 in his retirement account and plans to contribute $10,000 at the end of each year until he retires. Assuming a constant annual interest rate of 7%, how much will John's retirement account be worth when he retires?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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