You want to have $2,740,000 at the end of 21 years. You have $10,000 to invest now,

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You want to have $2,740,000 at the end of 21 years. You have $10,000 to invest now, and you will receive $70,000 at the end of 5 years. In addition, you plan to invest an equal amount at the end of every year over the next 21 years to reach your goal. If the annual rate of interest is 8.80% , how much do you have to invest annually?

Posted Date: Jun 05, 2024 05:07 PM

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You want to have $2,740,000 at the end of 21 years. You have $10,000 to invest now,

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