Chad is setting up a retirement fund and he plans on, Ask an Expert

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Chad is setting up a retirement fund, and he plans on depositing $5,000 per year in an investment that will pay 7% annual interest. How long will it take him to reach his retirement goal of $69,080?

A. 13.816 years

B. 0.072 years

C. 10 years

D. 20 years

E. 5 years

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940361

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