Question: Problem 17 Intro You are 21 years old today. Starting one month from now, if you deposit $400 per month for 32 years into your

 Problem 17 Intro You are 21 years old today. Starting one

Problem 17 Intro You are 21 years old today. Starting one month from now, if you deposit $400 per month for 32 years into your retirement account which earns 0.7 percent per month, are you a millionaire by age of 53? Part 1 IB Attempt 1/10 for 10 pts. Find out how much money you will have by age of 53. If that number is greater than one million, then you are a millionaire by that age. 0+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. Find out how many months it takes to reach one million of saving. If the length of time is less than 32 years, then you shold be a millionaire by age of 53. Should give you the same conclusion as in Part 1. 0+ decimals Submit

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