What is the present value of john savings

Reference no: EM13286378

John West is 40 years old. He is a young executive and his salary is $1 mil a year. His income is expected to grow at 10% for every year he works. John wants to retire at 55 and he wants to save 20% of his salary every year. John can invest at 7%.

What is the present value of John's savings?

Reference no: EM13286378

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