Your savings balance today is $455,000. Your goal is to have $2,200,000 in the bank 16 years

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Your savings balance today is $455,000. Your goal is to have $2,200,000 in the bank 16 years from now when you retire. You earn 8% interest per year. How much do you need to save each year to reach your goal?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Feb 01, 2024 04:57 AM

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Your savings balance today is $455,000. Your goal is to have $2,200,000 in the bank 16 years

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Future Value First calculate the future value of your current savings af... View the full answer

Personal Finance Turning Money into Wealth

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