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You wish to retire in 11 years and currently have $80,000 in a savings account yielding 5 percent annually and $110,000 in quality blue chip
You wish to retire in 11 years and currently have $80,000 in a savings account yielding 5 percent annually and $110,000 in quality "blue chip" stocks yielding 9 percent. If you expect to add $40,000 at the end of each year to your stock portfolios, how much will you have in your retirement fund when you retire?
Use Appendix A and Appendix C to answer the question.
Round your answer to the nearest dollar.
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