Question

Using your current age (18), determine how much you would need to save each year so that you would have a million dollars by the time you are 70. Choose an interest rate of between 5% and 9%, and explain how you arrive at your answer. 2. Using the information above, how much would you have had to save each year if you started to save when you were 10 years old? 3. Using the information above, how much could you withdraw each year if you plan to live until you are 95?

Answer 1

70-18=52

1000000/52= 19,230 on average per year

Answer 2

i need the rest answered please