Question
1.Assume that your selected job has a retirement plan that allows you to save for 30 years. If 6.50% of your monthly income is put
1.Assume that your selected job has a retirement plan that allows you to save for 30 years.
If 6.50% of your monthly income is put into a retirement account, how much should you expect if the annual return is 5.99%?
How much should a high school graduate expect to get if they also save 6.5% of their salary for 30 years?
Use an absolute or relative change statement to compare the retirement accounts of the high school graduate and your retirement. Make sure to show at least 1 sample formula used to get the retirement price.
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
