Question: Use excel functions in answer if possible 2 Your parents had $850,000 in savings when they retired. They made contributions to their retirement account at

Use excel functions in answer if possible
2 Your parents had $850,000 in savings when they retired. They made contributions to their retirement account at the beginning of each month of $600. If they earned an average of 6.4% on their savings, how many YEARS did it take them to reach that balance? 6.4% $ 850,000 12 $ 600.00
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
