use financial calculator as below
FV=1000000 as the future value at retirement
PV=0 as present value
PMT=-120 as monthly contribution
I/Y=12/12=1 as the monthly interest rate
Click CPT
Click N=445.69 months or 37.14 years will take to reach 1 million amount from now, so she will not her goal when she retires at 33 years
the above is answer..
stacey would like to have 1 million available to her at retirement. Her investments have an...
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