How Many Years Would It Take for Jughead to Save

Multiple Choice

How many years would it take for Jughead to save an adequate amount for retirement if he deposits $2,000 per month into an account beginning today that pays 12 percent per year if he wishes to have a total of $1,000,000 at retirement?

A) 13.7 years
B) 15.5 years
C) 14.9 years
D) 11.5 years