Question: Question - 5 : Marks 1 5 + 5 Luis wants to have $ 2 , 0 0 0 , 0 0 0 in net

Question-5:
Marks 15+5
Luis wants to have $2,000,000 in net worth when he retires. To achieve this goal, he plans to invest $10,000 each year (starting one year from now) into an account that earns 10% interest compounded annually. Calculate the amount of time before Luis can retire as a multi-millionaire is how many years? Draw the cash flow diagram?
Question-5: Marks 15+5 Luis wants to have $2,000,000 in net worth

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