How much time will it take to accumulate a total of 1500000


Your retirement account has a current balance of $66,500. How much time will it take to accumulate a total of $1,500,000 if you are adding $6,500 annually and the interest rate is 7 percent? Show your work and use Excel to find your answer.

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Financial Management: How much time will it take to accumulate a total of 1500000
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