Ask Question
18 December, 00:57

you plan to save 600 a month for the next 30 years for retirement. What interest rate would you need to have for 1,000,000 at retirement?

+3
Answers (1)
  1. 18 December, 01:10
    0
    About 463%

    Step-by-step explanation:

    600*12 = 7200

    7200*30 = 216000

    1,000,000 / 216000 = about 4.63

    Check:

    4.63*216000 = 1,000,080
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “you plan to save 600 a month for the next 30 years for retirement. What interest rate would you need to have for 1,000,000 at retirement? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers