Assuming contributions of $2 000 per month do not change over the next 35 years, and the

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Assuming contributions of $2 000 per month do not change over the next 35 years, and the fund has the capacity to grow at 8% p.a. compounded monthly, how much will George and Stephanie's index funds be worth at 60 years old? Show formula, variables, calculations and a concluding statement in your response.

Based on historical data, George expects the value of their property to grow by 4.5% p.a.

What will the value of their entire portfolio (property and index fund combined) be worth when George reaches 60 years old?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Posted Date: Apr 28, 2023 01:16 AM

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Assuming contributions of $2 000 per month do not change over the next 35 years, and the

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Formula Future Value FV Present Value PV 1 rnnt where PV 2000 monthly contribution r 8 per annum ann... View the full answer

Fundamentals of Corporate Finance

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