Ed wants to have $1,000,000 at the start of his retirement in 30 years. He currently...
Homework Answers
Ans 4.73
| FV = | Future Value |
| PV = | Present Value |
| r = | rate of interest |
| n= | no of period |
| FV/ PV = | (1 + r )^n |
| 1000000 / 250000= | (1 + r%)^30 |
| 4 = | (1 + r%)^30 |
| r = | 4.73% |
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Ed wants to have $1,000,000 at
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