If Hunter has $79,300.00 currently saved, wants to retire in 25 years with $1,010,000.00, and can save $9,990.00 annuall

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

If Hunter has $79,300.00 currently saved, wants to retire in 25 years with $1,010,000.00, and can save $9,990.00 annuall

Post by answerhappygod »

If Hunter has $79,300.00 currently saved, wants to retire in 25
years with $1,010,000.00, and can save $9,990.00 annually for 25
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 )
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”