You have set a financial goal of having $3,500,000 saved by retirement. If you plan to work
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Question:
You have set a financial goal of having $3,500,000 saved by retirement. If you plan to work for the next 40 years, how much would you need to save at the end of each year if you expect an average annual return of 9% in your retirement fund?
Round your answer to the nearest dollar.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date: