Answered You can hire a professional tutor to get the answer.
Wonderful needs $2,500,000 upon retirement in 10 years to live comfortably. He can invest $125,000 a year to his retirement.
Mr. Wonderful needs $2,500,000 upon retirement in 10 years to live comfortably. He can invest $125,000 a year to his retirement. What interest rate would his investment need to earn in order for him to meet his goals?
a) 4.8%
b) 13.7%
c) 14.7%
d) 23.7%
e) This plan is not feasible