Elif received a bonus of $100,000 at the age of 30 and she decides to invest this money to a savings account with the annual interest rate of 6.8%. At what age she should retire, so that she has $1,000,000 in her savings account when she is retired?
Elif received a bonus of $100,000 at the age of 30 and she decides to invest this money to a savings account with the annual interest rate of 6.8%. At what age she should retire, so that she has $1,000,000 in her savings account when she is retired?
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 14MCQ
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Elif received a bonus of $100,000 at the age of 30 and she decides to invest this money to a savings account with the annual interest rate of 6.8%. At what age she should retire, so that she has $1,000,000 in her savings account when she is retired?
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