Question: You have decided you don't like working and would rather travel and shop so you are going to save $18,000 per year (at the end
You have decided you don't like working and would rather travel and shop so you are going to save $18,000 per year (at the end of the year) in the hope of retiring early to have a comfortable retirement with the ability to travel, you must save $2.200.000 How many years will you have to work before you will have enough to retire? Assume your retirement savings account pays 6% interest You will have to work for years before you will have enough to retire (Round up to the nearest integer.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
