At the end of each of the next 40 years, Im going to put $20,000 in my
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At the end of each of the next 40 years, I’m going to put $20,000 in my retirement fund. What rate of return on my investments do I need so that I will have $2 million available for retirement in 40 years?
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To calculate the required rate of return we can use the present value formula PV FV 1 rn Where PV pr...View the full answer
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Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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