How do you solve this in excel (please include formula) If Benjamin wants...
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How do you solve this in excel (please include formula)
If Benjamin wants to retire in 26 years with $1,012,000.00 and can save $9,680.00 annually for 26 years with his first savings contribution made in 1 year, then what annual return does he need to earn?(Round the value to 2 decimal places and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55) Selected Answer: X 4.89 Correct Answer: 9.72 Answer range +/- 0.01944 (9.70056 - 9.73944)
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How do you solve this in excel (please include formula) 