Your goal is to have 4m in your retirement account on the, Ask an Expert

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Your goal is to have $4M in your retirement account on the day you retire. At age 22 you begin making deposits of $10,000 at the end of every year into your retirement account.

a. If you expect your account to earn 8% per year, how many years will it take to reach your retirement goal?

b. If you expect your account to earn only 4% per year, how many years will it take to reach your retirement goal?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92345803

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