Question: Suppose Sheldon's friend, Ed, has the same retirement plan, saving $12,000 at the end of each year and retiring once he hits $2,000,000. However, Ed's
Suppose Sheldon's friend, Ed, has the same retirement plan, saving $12,000 at the end of each year and retiring once he hits $2,000,000. However, Ed's account is expected to provide a 9.1% annual return. How much sooner can Ed retire? (Round to the nearest year.) 8 years 5 years 7 years 6 years 4 years
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