Details of this Paper

If you were to save $5000 every year for the next ten years

Description

solution


Question

If you were to save $5000 every year for the next ten years, and you could invest at a rate of 12% on average, what would be the total value of your investment in 10 years?;What is the present value of a monthly payment of $200, for every month, through the next 8 years? Assume that the rate of interest is 6% annually.;At what rate of interest would you need to invest in order for a savings of $20,000 per year to be worth one million dollars after 25 years?

 

Paper#33118 | Written in 18-Jul-2015

Price : $27
SiteLock