eBook Your parents will retire in 24 years. They currently have $370,000 saved, and they think...
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eBook Your parents will retire in 24 years. They currently have $370,000 saved, and they think they will need $2,150,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. % eBook You have $31,052.77 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $250,000. You expect to earn 13% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years eBook Your parents will retire in 24 years. They currently have $370,000 saved, and they think they will need $2,150,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. % eBook You have $31,052.77 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $250,000. You expect to earn 13% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years
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Answer rating: 100% (QA)
a As we know that fv PV 1 x where n24 PV 370000 fv 2150000 So from above formula 24 2150000 3700... View the full answer
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date:
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