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Financial planners ( and engineering economists ) unanimously encourage people to seek out the highest rate of return possible within their personal level of risk
Financial planners and engineering economists unanimously encourage people to seek out the highest rate of return possible within their personal level of risk tolerance. To illustrate this point, they frequently produce a table similar to the one below. Fill in the blank cells in this table assuming that your goal is to have $ on your th birthday and that deposits start on your th birthday and continue annually in the same amount on each birthday up to and including your th birthday.
tabletableterest RateEarnedtableAmount ofRequired Annual Deposit year,$
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