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You own gold, stocks, and a mutual fund into which you make monthly payments. The value of gold today is $50,000 and the price is
You own gold, stocks, and a mutual fund into which you make monthly payments. The value of gold today is $50,000 and the price is expected to grow at 8% each year for the next 25 years. The value of the stock is $500,000 and the quarterly R is 1% for the next 25 years. |
You invest $500 each month in an annuity paying an annual interest rate of 6%. You need money to buy a house at the end of Year 15. |
The value of the house is $60,000. You redeem your annuity and then reinvest the remainder for 10 years at an annual IR of 10%. How much will you get at the end of Year 25? |
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