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Company have accumulated a portfolio currently valued at $875,000. They believe that they can earn an after-tax annual return of 8% on these funds.
Company have accumulated a portfolio currently valued at $875,000. They believe that they can earn an after-tax annual return of 8% on these funds. They would like to retire in 15 years. 1. What will be the estimated value of their portfolio at the time of their retirement? II. What would the estimated value of their portfolio be if they deferred retirement for 5 more years?
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
