Lamarcus aldrige has a four year contract that will pay him, Ask an Expert

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LaMarcus Aldrige has a four year contract that will pay him $20M per year. After the contract ends he wants to retire. He figures he needs to have $25M to be comfortable.

He will earn 896 return on his money. What percent of his annual salary must he save to reach his goal? Assume he starts off with $0 in savings. Ignore taxes.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92805526

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