You plan to invest $19,000 per year into a retirement account. If you earn a compound annual rate of return of 8%, how many years will it take you to reach a balance of $1,000,000?   Question 10 options:   18.98   22.26   20.16   17.54   21.45

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You plan to invest $19,000 per year into a retirement account. If you earn a compound annual rate of return of 8%, how many years will it take you to reach a balance of $1,000,000?
 

Question 10 options:

 
18.98
 
22.26
 
20.16
 
17.54
 
21.45
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