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 at
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 from your contributions and how much from investment income?
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
