How many years will it take to reach your goal

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Reference no: EM131506817

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?

Reference no: EM131506817

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