How much would he need to save on a yearly basis

Reference no: EM132174266

Question - When you last saw Tarek he was heartbroken because he was worried he would never retire. You just saw him and he had good news to share. He just got engaged to a wealthy widow. She has a nest egg of $350,000. If Tarek were to apply this amount to his savings goal ($1,100,000), how much would he need to save on a yearly basis if he can earn a 7% rate of return?

Reference no: EM132174266

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How much would he need to save on a yearly basis : If Tarek were to apply this amount to his savings goal ($1,100,000), how much would he need to save on a yearly basis if he can earn a 7% rate of return

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