Question: Please explain step by step how to do this on a financial calculator. So you can retire early, you have decided to start saving $500
Please explain step by step how to do this on a financial calculator.
So you can retire early, you have decided to start saving $500 a month starting one month from now. You plan to retire as soon as you can accumulate $1 million. If you can earn 5 percent (per year) on your savings, how many years will it be before you can retire?
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