Problema Solution
. If you can earn 4 percent, how much will you have to save each year if you want to retire in 35 years with $ 1 million?
Answer provided by our tutors
let x = the amount you need to save each year
35x = 1000000 divide both sides by 35
x = $28,571.43
you will have to save $28,571.43 each year.