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4. 3 points Save Antwer Sam is currently 30 years of age. He owns his own business and wants to retire at the age of
4.
3 points Save Antwer Sam is currently 30 years of age. He owns his own business and wants to retire at the age of 65. He has little confidence in the current Social Secunty system. He opens a Rom IRA and invests in a small-cap stock mutual fund his retirement. The stock mutual fund earns 13% on average. He wants to retire with an annual income of $90,000 a year. At redrement the fund will be shifted to a large-cap stock mutual fund eaming 9% on average. He believes be wil ve top 90 What dotar amount of interest will Sam have earned during retirement if he receives his $90.000 at the beginning of each year? a $1,349 439.00 b.$1.286.404 94 Oc$1,365,967.84 Od $1.264.594.77 Step by Step Solution
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