How many years will it take to reach your


Please make sure that you use formulas in Excel or type the answers on the Excel sheet.

Suppose that you plan to retire when you have saved $1,000,000. If you can earn 11% on your money by investing in a stock mutual fund, how many years will it take to reach your goal if you add $5000 each year to your savings?

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Financial Management: How many years will it take to reach your
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