Rebecca age 25 would like to start saving for retirement


Rebecca, age 25, would like to start saving for retirement. She will be able to save $400 per month beginning immediately. She will retire once she has saved $1 million. Her investment portfolio will earn a rate of return of 8% compounded monthly during the entire time that she is saving. Approximately how many years will it take her to reach her savings goal?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Rebecca age 25 would like to start saving for retirement
Reference No:- TGS02665524

Expected delivery within 24 Hours