Shanice Johnson, of Philadelphia, Pennsylvania, wants to invest $3,700 annually  for her retirement 30 years from now. She has  a conservative investment philosophy, and expect to earn a return of 3% in a tax-sheltered account. If she took a more aggressive investment approach and earned a return of 5%, how much more would Shanice accumulate?

Answer rating: 100% (QA)

This exercise is a basic concept application of the future value of an ordinary annuity It is the ac... View the full answer