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 atend of 10 years, 20 years and 30 years
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