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Terry plans on retiring in 19 years. Currently, he has $75,000 saved in an account. However, Terry plans on re-balancing his investments and buying aggressive
Terry plans on retiring in 19 years. Currently, he has $75,000 saved in an account. However, Terry plans on re-balancing his investments and buying aggressive growth mutual funds. The new portfolio will generate a compounded rate of return of 6% a year. If Terry can contribute an additional $400 a month to the new funds, how much will he have saved when he retires in 19 years? 128,678.33 90,406.78 393,377.36 4,805,98
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