Susan Norman seeks your financial advice. She wants to know how long it will take her to
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Question:
Susan Norman seeks your financial advice. She wants to know how long it will take her to become a millionaire. She tells you that she has $ comma today and wants to invest it in an aggressive stock portfolio. The historical return on this type of investment is per year. How long will she have to wait if the $ comma is the only amount she invests and she never withdraws from the market until she reaches her $ million? Assume no taxes on the earnings. What if the rate of return is only annually What if the rate of return is only annually
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