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After visiting your financial advisor, you return home with the following information: I can invest in a bond account earning 4.05% and a stock account
After visiting your financial advisor, you return home with the following information: I can invest in a bond account earning 4.05% and a stock account earning 9.85%. Your current retirement fund has $205,000. You plan to allocate $55,000 to bonds and the remainder to stocks. After looking at your budget, you decide that you can add $4,000 to the bond account each year. How much will you have in your combined accounts at the end of 15 years? PLEASE SHOW YOUR WORK TO GET CREDIT
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