(Answered) Y want to save enough money to retire as a millionairea

Finance

You want to save enough money to retire as a millionaire.

a. If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65? Please use your own age.

b. If you were going to make deposit monthly, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age.

c. If you were able to earn 11%, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age.

d. What type of a problem is this? ___________

My current age is 23.

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