Engineering, 16.11.2020 18:10 wolfsaway

The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to accrue $5 million by the end of her working career? Assume a 9% interest rate, compounded monthly.

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The average age of engineering students at graduation is a little over 23 years. This means that the...