Multiple Choice
How many years would it take for Harry 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 years
B) 16 years
C) 15 years
D) 12 years
Correct Answer:
Verified
Correct Answer:
Verified
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