When thinking about the Future Value of an investment, which of the following is true?

Select one:

a.

A longer investment period and the lowest available rate will maximize return.

b.

A longer investment period and the highest available rate will maximize return.

c.

A shorter investment period and the lowest available rate will maximize return.

d.

A shorter investment period and the highest available rate will maximize return.

Question 2

If you can contribute $15,000 each year for 40 years (first contribution in one year from now) and you want to retire with $1.5 million, how much do you need to earn on your investments per year?