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You feel that you will need $2.1 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.1 percent compounded monthly and plan to save $290 per month until you reach your goal. How many years will it be until you reach your goal and retire? A) 41.03 years B) 50.29 years C) 35.17 years D) 42.88 years E) 37.87 years You feel that you will need $2.1 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.1 percent compounded monthly and plan to save $290 per month until you reach your goal. How many years will it be until you reach your goal and retire? A) 41.03 years B) 50.29 years C) 35.17 years D) 42.88 years E) 37.87 years
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Related Book For
Physics
ISBN: 978-0077339685
2nd edition
Authors: Alan Giambattista, Betty Richardson, Robert Richardson
Posted Date:
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