Jeff Johnson wants to have $ 2,000,000 in his retirement account when he retires on his 65th birthday. He is 24 today and will make annual payments once he starts paying into the retirement fund. How much will Jeff have to pay monthly to achieve his goal if he can get an 6 percent annual rate of interest and he starts payments at?
A. Age 25?
B. Age 35?
C. Age 45?
D. What is the moral of this story?