Mary is 30 years old and has $ 20,000 in her investment account equally spread in two
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Question:
Mary is 30 years old and has $ 20,000 in her investment account equally spread in two funds and plans to add additional $ 2000 in each fund. ( 10 % of this grade)
Fund A :
Current amount : $ 10,000
Historical performance , 10 year average : 6.5 %
$2000 added ever year
Fund B :
Current amount : $ 10,000
Historical performance , 10 year average : 5 .5 %
$2000 added ever year
Calculate ( using 10 year average performance) amount in each fund, and total portfolio at end of 10 years, 20 years and 30 years.
Related Book For
Fundamentals of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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