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Author Question: John would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an ... (Read 75 times)

SO00

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John would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much does he need to invest each year to achieve his goal?


◦ $13,242
◦ $18,900
◦ $20,518
◦ None of these


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Marked as best answer by SO00 on Apr 12, 2019

Chou

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Chou

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