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After consulting with a financial advisor (CFP or CFA), you decided to retire in 15 years. Your financial advisor suggested you to invest $500 (per
After consulting with a financial advisor (CFP or CFA), you decided to retire in 15 years. Your financial advisor suggested you to invest $500 (per month) on an index ETF (mimicking the performance of S&P500 index). The index ETF is expected APR of 6% (per year). How much is your total saving at the end of 15th year (12*15 months)?
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To calculate the total savings at the end of the 15th year we need to first determine the tot...
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
