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In order to have $1 million 30 years from now when you retire (assuming 11% annual return)

In order to have $1 million 30 years from now when you retire (assuming 11% annual return)

In order to have $1 million 30 years from now when you retire (assuming 11% annual return), how much do you need to invest per MONTH (assume monthly compounding)?

5,024.00

9,523.00

356.00

29,111.00

Question 6

You invest $5,000 per year for 10 years, earning 8%. What is the Future Value?

33,550.00

10,794.00

72,432.00

51,526.00

Question 7 (1 point)

You need to have $50,000 20 years from now. You will earn 9%. How much do you need to save per YEAR, in order to have the $50,000 in 20 years?

2,500.00

977.00

74.00

5,477.00

 

A)

5,024.00

 

B)

9,523.00

 

C)

356.00

 

D)

29,111.00

Abhinav 03-Dec-2019

Answer (UnSolved)

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