Provide an alternative way for john to reach his goal

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Reference no: EM13971128

John, has a goal of having $1,500,000 by the time he retires in 30 years. He plans to save $5,000 per year in accounts that will earn 10% per year. Will he achieve his goal, if he has $0 saved today? If not, how much will he have in 30 years? Provide an alternative way for John to reach his goal of having $1,500,000 when he retires.

Reference no: EM13971128

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