You have currently accumulated $50,000 thus far for your retirement, and are planning to have $1,000,000 in 30 years when you retire. If you can add $6,000 each year to your retirement fund, what interest rate do you need to have in order to achieve your retirement goal? 

Answer rating: 100% (QA)

To calculate the interest rate needed to achieve your retirement goal we can us... View the full answer