You expect to retire in 40 years and save $5,000 at the end of each year until then. Which formula would use you to determine
You expect to retire in 40 years and save $5,000 at the end of each year until then. Which formula would use you to determine how much will you have at retirement if your investments return 8% compounded annually?
A) FV of a lump-sum
B) PV of a lump-sum
C) FVAordinary annuity
D) FVAannuity due
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Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
