Question
You have received 500,000 as an unexpected heritage. Banks are aware of that, and they want to attract you as a new customer/investor. You have
You have received 500,000 as an unexpected heritage. Banks are aware of that, and they want to attract you as a new customer/investor. You have to explain some financial concepts to your couple and take also some decisions about what to do with that money. Please prepare your responses and answer the following questions according to the following data given by the banks:
2- How much should you invest every year in a financial product that offers a 6% compounded yearly, during the next ten years, in order to finally have an amount of 500,000 more? Please make sure you clearly indicate all the steps
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