You wish to build an independent fund of at least $1 million for your retirement. You...
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You wish to build an independent fund of at least $1 million for your retirement. You feel that you can contribute $7,200/year into a fund that will earn 8%/year effective. How many years would you need to achieve your retirement goal? (Hint: use the financial calculator) A) 40.7 years B) 38.6 years C) 24.3 years D) 32.4 years You wish to build an independent fund of at least $1 million for your retirement. You feel that you can contribute $7,200/year into a fund that will earn 8%/year effective. How many years would you need to achieve your retirement goal? (Hint: use the financial calculator) A) 40.7 years B) 38.6 years C) 24.3 years D) 32.4 years
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Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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