Kevin wants to pay $26,000 each year on his investment account and would like to retire with $3,550,000. Assuming the interest rate for Kevin’s investment account is 12.5% and that it will compound semiannually, how many years will it take before Kevin meets his investment goal of $3,550,000?

Answer rating: 100% (QA)

To calculate the number of years it will take for Kevin to meet his investment goal we can use the f... View the full answer