How many years will it take her to reach her savings goal

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Reference no: EM131870028

Rebecca, age 25, would like to start saving for retirement. She will be able to save $400 per month beginning immediately. She will retire once she has saved $1 million. Her investment portfolio will earn a rate of return of 8% compounded monthly during the entire time that she is saving. Approximately how many years will it take her to reach her savings goal?

Reference no: EM131870028

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