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How much will you have twenty years from today

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Reference no: EM132998004

Assume you currently have $220,000 that you are ready to invest for retirement. In addition, you plan to save

  • $6,000 per year at the end of each year for years 1-10
  • $25,000 at the end of year 11
  • $9,000 per year at the end of each year for years 12-20

Problem 1: Assuming you earn 9.1% as an annual rate of return, how much will you have 20 years from today when you retire?

Reference no: EM132998004

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