How much do you need to put into retirement savings

Reference no: EM13546757

You are 25 years old and need to have $1,000,000 in savings before you retire at age 75. You estimate you will receive an annual return of 8% on your investment.

b. How much do you need to put into retirement savings on an annual basis if you get an annual return of 10%?

Reference no: EM13546757

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