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Alison and Leslie, who are twins, just tecened $45,000 each for their 24eh birthday. They both have aspirations to become millionaires. Each plans to make
Alison and Leslie, who are twins, just tecened $45,000 each for their 24eh birthday. They both have aspirations to become millionaires. Each plans to make a $5, 000 annual contrbution to her "early retirement fund" on her buthday; beginning a year from today. Mllison opened an account with the 5afety Farst Bond Fund, a mutal fund that invests in high-quality bonds whose investors have eamed 8% per year in the post, tedue anvested in the Niew Issue Buo-Tech fund, which invests in small, newhy issued biotech stocks and whose irvestors have earned an average of 15% per year in the fund's relatively short history, a. If the two worven's funds eam the same refums in the future as in the past, how ald will each be when she becomes a millionaire? Do not round intermedatecalculations. Round your answers to two decimal pilaces. (3) have less tolerarce for riak than tedie does. more tolerame for nak ithan levle does. hiave nuce tolet ance for risk thin Ledie does. bess tolerance for rikk than Ledle does. Huave about the same taderance for risk than tesle dors
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