How Many Years Would It Take for Jughead to Save

question 74

Multiple Choice

How many years would it take for Jughead to save an adequate amount for retirement if he deposits $2,000 per month into an account beginning today that pays 12 percent per year if he wishes to have a total of $1,000,000 at retirement?

• A) 13.7 years
• B) 15.5 years
• C) 14.9 years
• D) 11.5 years

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Definitions:

Flexible Scheduling Strategy

An approach to work arrangement that allows employees to choose their working hours within set limits, promoting work-life balance.