How much money must you set aside at age 20 to accumulate retirement funds of P100,000...

 

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How much money must you set aside at age 20 to accumulate retirement funds of P100,000 at age 65, assuming a rate of interest of 7% If you deposit P2,000 in a five-year certificate of deposit at 5.2%, how much will it be worth in 5 years? You invest P6000 per year in a mutual fund that invests in equity and bonds. Assuming an annual rate of return of 9%, how much will this fund be worth if you are retiring in 40 years? How much money must you set aside at age 20 to accumulate retirement funds of P100,000 at age 65, assuming a rate of interest of 7% If you deposit P2,000 in a five-year certificate of deposit at 5.2%, how much will it be worth in 5 years? You invest P6000 per year in a mutual fund that invests in equity and bonds. Assuming an annual rate of return of 9%, how much will this fund be worth if you are retiring in 40 years?

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