Author Question: Assume your goal in life is to retire with 1 million dollars. How much would you need to save at the ... (Read 68 times)

itsmyluck · **on:** Mar 6, 2021

Question 1

Assume your goal in life is to retire with $2,800,000. How much would you need to save at the end of each year if interest rates average 10% and you have a 30-year work life? (Round the final answer to the nearest whole dollar.)
◦ $9333
◦ $17,022
◦ $186,667
◦ $160,464

Question 2

Assume your goal in life is to retire with 1 million dollars. How much would you need to save at the end of each year if investment rates average 5% and you have a 16-year work life?
◦ $3125
◦ $42,270
◦ $458,112
◦ $125,000

adammoses97 · **Reply #1 on:** Mar 6, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 25% of students answer this correctly