Consider Donald and Joe who are both 30- years of age and recently graduated with a degree in Finance. Both Donald and Joe plan to retire at age 67, and the retirement plan pays a 12 percent per annum return and is also compounded monthly. Donald plans to invest $1,000 per month beginning next month into his retirement account, while Joe shall invest $2,000 per month. Joe however does not plan to begin investing until 10 years after Donald begins to invest. How much will each of the newly grads have at retirement?
The moment you’ve entered the education system is the moment you start to realize that, although studying is extremely important,…
APPROVED BY CLIENTS
Extremely satisfied with the help I have received. Took a little bit long because of lack of clear explanation from my side, but every once I gave clear indication, I always had the help is request for on time !
Many thanks !