You plan to retire in 30 years. You have $100,000 saved so far and you project you
Fantastic news! We've Found the answer you've been seeking!
Question:
You plan to retire in 30 years. You have $100,000 saved so far and you project you will need to have $1,000,000 at retirement. Assuming you never contribute another dollar to retirement, what annual rate of return would you need to reach your goal in 30 years? (Hint: Rate function - round to nearest full percent)
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date: