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Harry is 45 years old and has finally realized he needs to be investing for his...

Harry is 45 years old and has finally realized he needs to be investing for his retirement. He has decided he will work and invest annually (at the end of every year) until he has accumulated 750000 in his account. The account is earning an average of 8% per year. If Harry can invest $5000 every year how many years until he can retire? 28 30 46 38 33
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Answer #1

Calculate the number of years required to earn $750,000 as follows:

Therefore, the number of years required is 33years.

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