Question: please answer asap How long would it take for Mike to save an adequate amount for retirement if he deposits $20,000 per year into an
How long would it take for Mike to save an adequate amount for retirement if he deposits $20,000 per year into an account beginning one year from today that pays 10 percent per year if he wishes to have a total of $1,000,000 at retirement? A. 16.2 years B. 18.8 years C. 15.9 years D. 12.2 years
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