Question
You invest $30,000 today and $4000 per year for 32 years. Assuming you earn an 8.7% rate of return, how much will you have
You invest $30,000 today and $4000 per year for 32 years. Assuming you earn an 8.7% rate of return, how much will you have at the end of the 32nd year? How much more do you have after 40 years? Of that additional money, how much came fror your contributions and how much from investment income?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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