In order to have $1 million 30 years from now when you retire (assuming 11% annual return)
In order to have $1 million 30 years from now when you retire (assuming 11% annual return), how much do you need to invest per MONTH (assume monthly compounding)?
5,024.00
9,523.00
356.00
29,111.00
Question 6
You invest $5,000 per year for 10 years, earning 8%. What is the Future Value?
33,550.00
10,794.00
72,432.00
51,526.00
Question 7 (1 point)
You need to have $50,000 20 years from now. You will earn 9%. How much do you need to save per YEAR, in order to have the $50,000 in 20 years?
2,500.00
977.00
74.00
5,477.00
Abhinav
03-Dec-2019