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Money maket account (MU) $33600 Govemment bond mutual fund (GS) $145,000 Large capital mutial tund (LC) $103,000 Small capial mutual tund (SC): $71,000 Real estace

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Money maket account (MU) $33600 Govemment bond mutual fund (GS) $145,000 Large capital mutial tund (LC) $103,000 Small capial mutual tund (SC): $71,000 Real estace trust find (RE) $800,000 Rachel and Richard beleve they need at least $2.300,000 bo retre. The mocey market account grows at 3.5% ancialy, the govern=ont bond mugul fund grews at 5.5% annusfy, the large capt decocted into ary of Eese accourts, how long will it be untal they reach the $2,300.000 goa? Rachel and Pichard will reed to invest their accounts for or more years to reach 32,300,000 (Round to the nearest whole number) Future value of a portfolio. Rachel and Richard want to know when their current portfolio will be sulficiont for them to retire. They have the following balances in their portfol Money market account (MM): $33,000 Government bond mutual fund (GB): $145,000 Large capital mutual fund (LC): $103,000 Small capital mutual fund (SC): $71,000 Real estate trust fund (RE): $86,000 Rachel and Richard believe they need at least $2,300,000 to resire. The money market account grows at 3.5% annually, the government bond mutual fund grows at 5.5% annualy, the fan mutual fund grows at 10.0% annually, the smail capital mutual fund grows at 13.0% annually, and the real estate trust fund grows at 3.0% annually. With the assumption that no more funk deposited into any of these accounts, how long will it be until they reach the $2,300,000 goal? Rac I and Richard will need to irvest their accounts for or more years to reach $2,300,000. (Round to the neareat whole number)

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