Withdraw from your retirement account

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Reference no: EM132038632

You are 30 years old now and you have $100,000 in your retirement account. You will not add to or withdraw from your retirement account. You plan to retire when the money that you have in your retirement account reaches $1,000,000. At what age will you be able to retire if:

Your retirement account pays 8% APR compounded annually.

Your retirement account pays 8% APR compounded monthly.

Reference no: EM132038632

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