Your sister just deposited $8,000 into an investment account. She believes she will achieve an annual return

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Your sister just deposited $8,000 into an investment account. She believes she will achieve an annual return of 9.3 percent over the next 10 years. You believe you can only achieve 8.6 percent annual return in the same period.

How much more do you have to deposit today to have the same amount as your sister 10 years from now?

Related Book For answer-question

Personal Finance An Integrated Planning Approach

ISBN: 978-0136063032

8th edition

Authors: Ralph R Frasca

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Posted Date: Apr 10, 2023 01:24 AM

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Your sister just deposited $8,000 into an investment account. She believes she will achieve an annual return

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Personal Finance An Integrated Planning Approach

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