Calculate the future values of the savings

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Question :

Overseas, she would like to work full-time in Brisbane. She estimates that once she starts working, she can save $1,000 per month for the ?rst two years and $1,500 per month for the next three years.

Rather than saving to buy property, she wants to invest in the share market by building a portfolio of equities. She would like to be able to invest at least $100,000 and is open to borrowing to increase the size of her returns, but she hasn't thought that through as yet.

Projected cash flows, and calculate the future values of the savings (assume all savings are invested monthly and interest rate is 6% per year).

Reference no: EM132382122

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