How many years after natalie retires will adam retire

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Question: Today, Adam and Natalie each have $481,723 in an investment account. No other contributions will be made to their investment accounts. Both have the same goal: They each want their account to reach $1.375 million, at which time each will retire. Adam has his money invested in lower-risk securities with an expected annual return of 6%. Natalie has her money invested in a stock fund with an expected annual return of 14%. If their actual realized returns equal the expected returns, how many years after Natalie retires will Adam retire?

Reference no: EM133715805

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