How old will mark be when he meets his retirement goal

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Reference no: EM131985499

Larry is paying $973.47 per month on a loan. He will be making payments for 10 years. The loan interest rate is 4%. About how much did Larry borrow? $95,103 $88,822 $94,638 $96,150 Jake wants to buy your sleek roadster. You bought it two and a half years ago and paid $79,500. The bank gave you a 4 year loan at 3.0% with monthly payments. To pay off the loan, what is the least amount you will accept from Jake to sell your car? $50,798.22 $31,121.94 $30,544.76 $30,934.35 Mark is 28 years old. He plans to retire with $2.5 million in his IRA. He plans to deposit $13,000 into the account each year and expects to earn 7% on the account over the period. About how old will Mark be when he meets his retirement goal?

Reference no: EM131985499

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