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Azman would like to retire in 12 years. Currently, he has RM263,800 in savings account yielding 1.65 percent annually and RM95,300 in stock investment yielding
Azman would like to retire in 12 years. Currently, he has RM263,800 in savings account yielding 1.65 percent annually and RM95,300 in stock investment yielding 6.5 percent annually. If he expects to add RM4,150 to his savings account and RM2,800 to his stock investment at the beginning of each year, calculate his retirement fund when he retires.
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