Question
You would like to have $70,000 available in 15 years. There are two options. Account A has a rate of 4.5% compounded once a year.
You would like to have $70,000 available in 15 years. There are two options. Account A has a rate of 4.5% compounded once a year. Account B has a rate of 4% compounded daily. How much would you have to deposit in each account to reach your goal? Assume 365 days in a year.
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
