You want to save enough money to retire as a millionaire. a. If you could earn...

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You want to save enough money to retire as a millionaire. a. If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65? Please use your own age. b. If you were going to make deposit monthly, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age. c. If you were able to earn 11%, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age. d. What type of a problem is this? You want to save enough money to retire as a millionaire. a. If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65? Please use your own age. b. If you were going to make deposit monthly, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age. c. If you were able to earn 11%, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age. d. What type of a problem is this?

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a To calculate the annual amount required to save to have 1000000 when you are 65 we need to use the ... View the full answer