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You want to save for retirement. Assuming you are now 25 years old and you want to retire at age 55 , you have 30
You want to save for retirement. Assuming you are now 25 years old and you want to retire at age 55 , you have 30 years to watch your investment grow. You decide to invest in the stock market, which has earned about 13% per year over the past 80 years and is expected to continue at this rate. You decide to invest $2,000 today. Required: How much do you expect to have in 30 years? ( FV of $1, PV of $1, FVA of $1, and (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.) You want to save for retirement. Assuming you are now 25 years old and you want to retire at age 55 , you have 30 years to watch your investment grow. You decide to invest in the stock market, which has earned about 13% per year over the past 80 years and is expected to continue at this rate. You decide to invest $2,000 today. Required: How much do you expect to have in 30 years? ( FV of $1, PV of $1, FVA of $1, and (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)
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