Calculate the number of months it will take sue to reach


Sue wants to retire with $1,000,000 in the bank.  He plans to deposit $150 each month, starting one month from today, into the account until he reaches his goal. His required rate of return is 10% APR (monthly compounding). Calculate the number of months it will take Sue to reach his goal. Round to 2 decimals and enter a positive value.

Please show your work.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Calculate the number of months it will take sue to reach
Reference No:- TGS02814746

Expected delivery within 24 Hours