If Harry considers his relatively high-risk appetite to invest in S&P 500 ETF, which on average generates 12% p.a. over the last 10-year assuming no significant changes in the risk and expected return, how much Harry will receive in 20-year if he invests his lump-sum savings today in S&P 500 ETF? Will Harry have $1,000,000 he needs in 20 years?

Answer rating: 100% (QA)

To calculate how much Harry will receive in 20 years if he invests his lumpsum savings today in ... View the full answer