Question

If Roberto wants to save $3,000,000 by retirement and can earn 11% interest (annual) on his...

If Roberto wants to save $3,000,000 by retirement and can earn 11% interest (annual) on his investments, how long will it take him to reach his goal, if he saves $1,000 per month?

Group of answer choices

41 years and 8 months (approx)

22 years exactly

30 years and 7 months (approx)

66 years and 3 months (approx)

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Answer #1

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SOLVED WITH BA II PLUS CALCULATOR

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