You have $50,000 in your retirement fund now. You want to retire in 25 years...
70.2K
Verified Solution
Link Copied!
Question
Accounting
You have $50,000 in your retirement fund now. You want to retire in 25 years with $1,500,000 in your account. You plan to deposit $2000 per year at the end of each of the next 25 years. You believe you can earn 10% for years 1-10. What percent return per year do you need to earn for years 11-15?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
