Question
Derek can deposit $15,914.00 on each birthday beginning with his 27.00th and ending with his 68.00th. What will the rate on the retirement account need
Derek can deposit $15,914.00 on each birthday beginning with his 27.00th and ending with his 68.00th. What will the rate on the retirement account need to be for him to have $3,712,931.00 in it when he retires?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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The Theory And Practice Of Investment Management
Authors: Frank J Fabozzi, Harry M Markowitz
2nd Edition
0470929901, 9780470929902
