Save enough money to retire as a millionaire

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Reference no: EM131020261

You want to save enough money to retire as a millionaire. a. If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65? b. If you were going to make deposit monthly, how much would you have to set aside per month to have $1,000,000 when you are 65? c. If you were able to earn 11%, how much would you have to set aside per month to have $1,000,000 when you are 65? d. What type of a problem is this?

Reference no: EM131020261

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Save enough money to retire as a millionaire : You want to save enough money to retire as a millionaire. a. If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65? b. If you were going to make deposit monthly, how much would you ..

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