You currently have $4,395.00 in a retirement Savings account that earns an annual return of 8.02%. You want to retire in 46.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?

You currently have $4,395.00 in a retirement Savings account that earns an annual return of 8.02%. You want to retire in 46.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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