You plan on saving and depositing into account

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Reference no: EM131987714

Lets say you are 30 years old and planning on retiring when you are 67. You plan on saving and depositing into an account that yields on average 6% You do not intend to take out any principle or interest until you retire.

How long in years would you need to save in order to save 1000000 if you deposited 100 weekly and there are still only 52.14 weeks in the year at the growth rate above?

Reference no: EM131987714

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