Question: please answer quickly! You are 20 years old and plan to retire with $1,000,000. You have $22,500 available for investment now. You deposit this into
please answer quickly!
You are 20 years old and plan to retire with $1,000,000. You have $22,500 available for investment now. You deposit this into an account that pays 9.25% interest compounded annually? How old wil you be when the account has the target amount? (Answers are rounded.) A. 61 B. 57 C. 55 D. 65 E. 63 F. 59
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