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11 May, 22:37

you plan to save 600 a month for the next 30 years for retirement. What interest rate would you need to have for 1,000,000 at retirement?

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  1. 11 May, 23:17
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    About 463%

    Step-by-step explanation:

    600*12 = 7200

    7200*30 = 216000

    1,000,000 / 216000 = about 4.63

    Check:

    4.63*216000 = 1,000,080
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