Ardsley Rabinovich, whose 32 nd birthday is today, would like to retire to an island paradise when
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Ardsley Rabinovich, whose 32nd birthday is today, would like to retire to an island paradise when he becomes 70 years old, and estimates that he will need $2.3 Million to make this possible. His investment advisor has recommended an investment which will pay him an APR of 8.84%, compounded monthly. Ardsley has told his advisor that the maximum he can invest each month is $700. Will Ardsley be able to reach his goal ? If not, how much more would he have to invest each month ?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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