1. You are not thrilled about spending your entire life working. So, you have decided that you will save $8 thousand a year, starting at the end of this year, and retire as soon as you can accumulate $1 million. If you can earn an average of 7.89 percent on your savings, how many years will pass before you get to retire?

Enter answer in years, accurate to two decimal places.

2. How much money must you invest today, at 8.6 percent fixed annual interest rate, in order to have 10 thousand in 11 years?

What about its investment in mid american energy holdings : In the case study, Warren E. Bufett, 2005, how well did Berkshire Hathaway performed? How well has it performed in the aggregate? What about its investment in MidAmerican Energy Holdings? |

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Thrilled about spending your entire life working : You are not thrilled about spending your entire life working. So, you have decided that you will save $8 thousand a year, starting at the end of this year, and retire as soon as you can accumulate $1 million. If you can earn an average of 7.89 percen.. |

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