- 19 Marvin S Goal Is To Accumulate 1 000 000 In His Retirement Plan By Making Contributions Of 250 At The End Of Each 1 (13.23 KiB) Viewed 72 times
19. Marvin's goal is to accumulate $1,000,000 in his retirement plan by making contributions of $250 at the end of each
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19. Marvin's goal is to accumulate $1,000,000 in his retirement plan by making contributions of $250 at the end of each
19. Marvin's goal is to accumulate $1,000,000 in his retirement plan by making contributions of $250 at the end of each month. He expects to earn 10.8% compounded monthly. How long will it take Mary to reach his goal? Round up to the nearest whole year. (4 marks)