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You wish to retire in 20 years. Currently, your retirement fund has $100,000 in a savings account yielding 5% annually and $200,000 quality stocks yielding
You wish to retire in 20 years. Currently, your retirement fund has $100,000 in a savings account yielding 5% annually and $200,000 quality stocks yielding 10% annually. Furthermore, you expect to add $10,000 to the savings account and $10,000 to your stock portfolios at the end of each year.
Calculate how much you will have in your retirement fund when you retire.
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