Saving for retirement , A smart engineer started saving for

Saving for retirement

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A smart engineer started saving for her retirement 10 years ago. She saved $12,000 each year through the present time. If she has invested in a stock fund that averaged a 15% rate of return over that period, and she expects to make the same annual investment and get the same performance in the future, how long will it be before she had $1,200,000 in her retirement fund?

Reference no: EM13806656

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