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Category > Business & Finance Posted 03 Aug 2017 My Price 11.00

Gary Kornig will be 30 years

Gary Kornig will be 30 years old next year and wants to retire when he is 65. So far he has saved 
(1) $6,950 in an IRA account in which his money is earning 8.3 percent annually 
(2) $5,000 in a money market account in which he is earning 5.25 percent annually
Gary wants to have $1 million when he retires. Starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 9 percent annually. How much will Gary have to invest every year to achieve his savings goal?

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Status NEW Posted 03 Aug 2017 08:08 AM My Price 11.00

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