Question
I selected the target fund retirement 2065(3-yr) and the average annual return I will use is 7.25% If you invest the amount you are saving
I selected the target fund retirement 2065(3-yr) and the average annual return I will use is 7.25%
If you invest the amount you are saving every year($1,092.00) on this fund, for the next 10 years, how much will you have when you reach 65(21 today)?
I will have $___________ when I reach 65.
CALCULATIONS: I applied the Future Value of Annuity Formula and FV formula (I'm not sure) to solve it, with the following inputs:
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
