Solution-Invest in equal annual amounts and alternatively

Invest in equal annual amounts and alternatively

Reference no: EM131922239

Joe is 25 years old and wants to invest money into a retirement fund to have $2,000,000 saved up when he retires at age 65. If he can earn 12% per year in an equity fund, calculate the amount of money he would have to invest in equal annual amounts and alternatively, in equal monthly amounts starting at the end of the current year or month respectively.

Reference no: EM131922239

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Invest in equal annual amounts and alternatively

Reference no: EM131922239

Reference no: EM131922239

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