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1) Suppose you invest $25,000.00 at the age of 25 into an account that returns 10% on average each year. How much will you have
1) Suppose you invest $25,000.00 at the age of 25 into an account that returns 10% on average each year. How much will you have in the account at age 61?
2) If you start investing $5,000.00 a year each year for 40 years, into an account with an average return of 8%. How much will you have in 40 years?
3)If you start investing $500.00 a month for 40 years, into an account with an average return of 8%. How much will you have in 40 years?
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