Question: Please provide work and steps, thanks! A news article reported that Bill Ackman, who runs Pershing Square Capital Management, recently proposed the following: ...the government

Please provide work and steps, thanks! A news article reported that BillAckman, who runs Pershing Square Capital Management, recently proposed the following: ...thePlease provide work and steps, thanks!

A news article reported that Bill Ackman, who runs Pershing Square Capital Management, recently proposed the following: ...the government could establish and fund investment accounts for every child born in America. The funds could be invested in zero-cost equity index funds, be prohibited from withdrawal until retirement, and could compound tax free for 65 years. At historical rates of equity returns of 8% per annum, a $6,750 at birth retirement account... would provide retirement assets of more than $1 million at age 65.

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