Carmine wishes to save 1100000 for retirement which is 30


Carmine wishes to save $1,100,000 for retirement, which is 30 years away. How much must be saved at the end of each year to reach this goal, assuming a compound annual return of 7%?

  • $88,645.04
  • $10,678.82
  • $9,980.21
  • $11,645.04

Solution Preview :

Prepared by a verified Expert
Finance Basics: Carmine wishes to save 1100000 for retirement which is 30
Reference No:- TGS01535949

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)