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So You Can Retire Early, You Have Decided to Start

Question 51

Multiple Choice

So you can retire early, you have decided to start saving $500 a month starting one month from now.You plan to retire as soon as you can accumulate $1 million.If you can earn 5 percent on your savings, how many years will it be before you can retire?


A) 33.39 years
B) 42.87 years
C) 44.76 years
D) 44.71 years
E) 33.87 years

Correct Answer:

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