Marshall will need $1,250,000 in his retirement fund in 40 years at the time of his retirement. If Marshall can earn 8% annually over this period, how much does Marshall need to save annually to meet that goal? (Show all work. Round the answer to the nearest dollar.)

Question

Quizplus · Accepted Answer

The Answer of Marshall will need $1,250,000 in his retirement fund in 40 years at the time of his retirement. If Marshall can earn 8% annually over this period, how much does Marshall need to save annually to meet that goal? (Show all work. Round the answer to the nearest dollar.)

Marshall Will Need $1,250,000 in His Retirement Fund in 40