Question
Shanice Johnson, of Philadelphia, Pennsylvania, wants to invest $3,700 annually for her retirement 30 years from now. She has a conservative investment philosophy, and expect
Shanice Johnson, of Philadelphia, Pennsylvania, wants to invest $3,700 annually for her retirement 30 years from now. She has a conservative investment philosophy, and expect to earn a return of 3% in a tax-sheltered account. If she took a more aggressive investment approach and earned a return of 5%, how much more would Shanice accumulate?
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This exercise is a basic concept application of the future value of an ordinary annuity It is the ac...
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
