Question
A couple wants to retire with $1 million in their 401[K] in 30 years. They decide to put invest $12,000 at the begining of each
A couple wants to retire with $1 million in their 401[K] in 30 years. They decide to put invest $12,000 at the begining of each year, starting today, in the 401(K) and can earn 6% on all investments. Will they reach their goal?
| No; they will be about $640,000 short. | ||
| No; they will be about $51,302 short. | ||
| Yes; they will be about $5,620 over. | ||
| Yes; they will be about $12,000 over. |
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
