Wed, who is currently 20 years old, is planning to have a personal savings of $1,000,000.00 when he retires atthe age of 65. What annual payment must he save to accomplish his goal if the interest rate will average 70%over the next 45 years of his savings account?

Answer rating: 100% (QA)

I believe you meant to say that the interest rate will average 7 not 70 Assuming an annual inte... View the full answer