Question
You are currently 30 years old and would like to retire at 65. You currently have no debt or savings.If you start making monthly deposits
You are currently 30 years old and would like to retire at 65. You currently have no debt or savings.If you start making monthly deposits tomorrow in an index fund of the Wilshire 5000 and assume it will return 8% compounded monthly, how much must you save each month to retire with $1.5 million?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
