Your future goal is to become a millionaire and you want to find out how this could
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Question:
Your future goal is to become a millionaire and you want to find out how this could happen with planning. Every year, you will put away $5,000 in a special savings account at your local credit union with gives the highest rate of 6% annually on your account.
How many years must you faithfully put away (and not take out)your money to succeed at becoming a millionaire? Use the TVM Equation OR spreadsheet method and include your chart in this answer.
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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