A woman recently retired at the age of 28 with 225 million, Ask an Expert

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A woman recently retired at the age of 28 with $2.25 million after only starting work at the age of 21. The following conditions apply to her earnings throughout her short career.

-Saving at least 70% of her annual income

-Expenses of $67,036 annually

Assuming she invested all of her savings at an annual compounding rate of 10%, what was her starting salary at age 21? Also, how much would she had to have earned every year from age 22 to age 27?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92424835

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