Question
Your client has $50,000 in cash to invest. They want this to grow to $500,000 over the next 15 years. What rate of return do
Your client has $50,000 in cash to invest. They want this to grow to $500,000 over the next 15 years. What rate of return do they need to earn?
Make a recommendation for what they should invest in that might earn the required rate.
If they hit their target, what monthly income could they expect to earn in retirement if they only earn 6% on their retirement fund. Assume 20 year timeframe.
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Financial Accounting An Introduction
Authors: Mr Barry Elliott, Mr Augustine Benedict
2nd Edition
0273737651, 9780273737650
