Question: you are trying to decide how much to save for retirement. Assume you plan to save $5000 per year and will make the first deposit

you are trying to decide how much to save for retirement. Assume you plan to save $5000 per year and will make the first deposit a year from today. Do you think you can earn 12% per year on your investments and you plan to retire in 40 years, immediately after your last $5000 deposit.

QUESTION:

Assume you can afford to save $10,000 per year. If you want to retire with $1,000,000 in your investment account immediately after your last deposit in 40 years, how high of a return do you need to earn on your investments?

the first part is just the prompt/ title for the question

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