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You currently have $140,000 invested in shares and at the end of each year you save $8,000 from your wages to buy more shares, adding
You currently have $140,000 invested in shares and at the end of each year you save $8,000 from your wages to buy more shares, adding to your portfolio. If the shares' total expected return is 10% pa and all dividends are re-invested, calculate how many years it will take your share portfolio to reach $370,000. Round your answer up to the nearest year. Select one: a. 6 years O b. 7 years O c. 8 years O d. 9 years O e. 10 years
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