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What is the total amount of money she will have saved

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Reference no: EM132982127

Question - Belle, who has just started her first full-time salary job is determined to have $1 million in her account by the time she retires. She is now 25 and hopes to retire at 65 years of age. Her investments have been earning 6.25% annual return and she thinks it's realistic that can be maintained.

How much would Belle have to put aside each month, in order to reach her goal?

What is the total amount of money she will have saved?

How much interest will have been earned?

Reference no: EM132982127

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