Question
On your 22nd birthday you make a personal goal to have $500,000 saved by your 32nd birthday (10 years) which you will then use as
On your 22nd birthday you make a personal goal to have $500,000 saved by your 32nd birthday (10 years) which you will then use as a fund to invest in real estate projects. You anticipate that you can earn an annual return of 6% compounded monthly. How much will you need to save each year to reach your goal?
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Financial Management EMEA Theory And Practice
Authors: Michael Ehrhardt, Roland Fox, Eugene Brigham
2nd Edition
1473760216, 9781473760219
