Suppose at age 21 you inherit 5000 you put it in your bank, Ask an Expert

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Suppose at age 21, you inherit $5,000. You put it in your bank where it is compounded annually at a 7% interest rate.Each year you manage to save $6000 to add to your bank account. Use Microsoft Excel to help answer the following question: At what age will you become a millionaire? Use a line chart to graph the results (x-axis: Age, y-axis: $)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92342054

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