Question: Mini-Case E: (1.5 marks) Josh has a high-risk tolerance when it comes to investing in his portfolio and has invested aggressively over the past years.
Mini-Case E: (1.5 marks) Josh has a high-risk tolerance when it comes to investing in his portfolio and has invested aggressively over the past years. Both he and his twin sister, Jolene, just received $150,000 each from their grandfathers estate whose final wishes were for both to invest the money for their retirement in 30 years. Josh is looking to invest this money in some risky investments for 30 years with monthly compounding at 9.25%. Jolene, who is risk averse is going to invest her $150,000 inheritance at 4%, compounding weekly over 30 years. How much would Josh have in his portfolio over Jolenes? (1.5 marks)
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