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At the age of 2 5 , Tasha Fellows obtained her university degree and entered the workforce. She sought the opinion of an investment advisor
At the age of Tasha Fellows obtained her university degree and entered the workforce. She sought the opinion of an investment advisor regarding a taxfree savings account TFSA The main recommendations were to start investing early, to invest the maximum allowed each year, and to stay invested. Someone starting a career needs to consider investing as early as possible.The advisor provided Tasha with scenarios of investing $ per month at return at different age ranges and calculated the value of her investment at age Age StartedTotal Amount Contributed to Age Total Value of TFSA at Age $$$$$$Source: TFSA Calculator, Bank of Montreal site, wwwbmo.com, accessed November Tasha was shown that starting to contribute at a later age but still wanting to reach a goal of $ would require larger monthly contributions.Age StartedMonthly Contributions$$Source: TFSA Calculator, Bank of Montreal site, wwwbmo.com, accessed November To reach a goal of $what is the total amount ofcontributions necessary if Tasha were to begin investing at age
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