At what age will you become a


Suppose at age 21, you inherit $5,000. You put it in your bank where it is compounded annually at a 7% interest rate.Each year you manage to save $6000 to add to your bank account. Use Microsoft Excel to help answer the following question: At what age will you become a millionaire? Use a line chart to graph the results (x-axis: Age, y-axis: $)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: At what age will you become a
Reference No:- TGS02328883

Expected delivery within 24 Hours