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Svetllana [295]
4 years ago
8

1. Lynn has learned that she will need to save $1 million dollars to support her current lifestyle if she

Mathematics
1 answer:
omeli [17]4 years ago
8 0

Answer:

Given 40 years of time to plan in advance for retirement, Lynn would only need to save $25000 per year to end up with $1 million, which is attainable.

Step-by-step explanation:

Lets say that she starts planning for retire with 40 years in advance instead of just 15, if that is the case, then she would need to save $1.000.000/40 = $25.000 per year, which is a pretty big ammount but it is much more  attainable than $67000, since it is only a third of her annual income.

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