Answer to Question #149986 in Finance for Ramesh

Question #149986

A twenty-year-old decides to save Rs.1,000 per month into a retirement account that will mature when she will turn 65. How much will she accumulate assuming that the she gets a return @12% per annum compounded monthly? How much will a 40-year-old get if he makes a similar investment? How much more does he need to invest to get the same amount?


1
Expert's answer
2020-12-15T11:24:45-0500

in 65 years:

40-year-old:

- will get

needs to invest per month:


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