Homework Help: finance

Posted by jan on Sunday, June 17, 2012 at 8:56pm.

You currently have $22,500 in your retirement account. What annual rate of return will you need to make on your investment in order to have $1,000,000 in the account on your 60th birthday? Will investing in CDs get you to your goal?

finance - Ms. Sue, Sunday, June 17, 2012 at 9:04pm
That depends on your age today.
finance - Ms. Sue, Sunday, June 17, 2012 at 9:06pm
You will also continue to contribute to your retirement account.

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