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If you save $500 each month from your salary and invest it in the stock market for three years, how much will you have at
- If you save $500 each month from your salary and invest it in the stock market for three years, how much will you have at the end of year three? Assume your expected return is 8%. In addition to saving $500 per month each year, you will invest the $21,000 bonus you receive at the end of the year in the stock market with an 8% expected return. How much money will you have (from investments of both monthly saving and bonus) at the end of year three?
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