Business, 17.10.2019 23:00, gabe2075

Jason allen is 30 years and wants to retire when he is 65. so far he has saved (1) $6,960 in an ira account in which his money is earning 8.3 percent annually and (2) $4,310 in a money market account in which he is earning 5.25 percent annually. jason wants to have $1 million when he retires. starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 9.34 percent annually. how much will jason have to invest every year to achieve his savings goal?

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Jason allen is 30 years and wants to retire when he is 65. so far he has saved (1) $6,960 in an ira...