Question: Hello all I need is the steps, so if you can add your own values, it would be helpful. I just need an idea of
Hello all I need is the steps, so if you can add your own values, it would be helpful. I just need an idea of how to answer this question. Thanks.
6. Based on your #1 goal, would this revised $ investable amount be adequate to achieve that goal if you used the historical average return of the risk-free asset (3%)? How much would the initial wealth grow to in the time horizon for your #1 goal? Compare to the target $s needed. Show your calculations following the examples in the Lecture Notes. What is your reaction?
Number 1 goal is to buy a home (must) that cost $250,000 in 5 years.
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