You wish to have $1,000,000 at retirement. You have nothing saved now. How much do you need to save per year if you want to retire in 30 years? Assume a 9% interest rate. 1. 6.221 2. 6944 3. 7336 4. 8110 5. 11230

You wish to have $1,000,000 at retirement. You have nothing saved now. How much do you need to save per year if you want to retire in 30 years? Assume a 9% interest rate.

1. 6.221   2. 6944   3. 7336   4. 8110   5. 11230

Answer
7336