Asked by Marcia McKinnon
2.0 million wanted by retirement in 35 year at earned 4% annually how much do you need to start with inorder to have 2.0millionsaved
Answers
Answered by
Henry
P = Po(1+r)^n = 2M.
Po(1.04)^35 = 2.
3.94609Po = 2.
Po = 0.50683M. = $506,830.
Po(1.04)^35 = 2.
3.94609Po = 2.
Po = 0.50683M. = $506,830.
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