Multiple Choice
You would like to retire with $1,000,000. You plan on a 7% annual investment rate (3.5% semi-annually) and will put away $7,500 twice a year at the end of each semi-annual period. How long before you can retire? Round to the nearest figure.
A) 25 years
B) 35 years
C) 51 years
D) 66 years
Correct Answer:
Verified
Correct Answer:
Verified
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