What could you do to increase the value of the investment

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Question - You are trying to accumulate $2,000 at the end of 5 years by contributing a fixed amount at the end of each year.  You initially decide to contribute $300 per year but find that you are coming up short of the $2,000 goal.  What could you do to increase the value of the investment at the end of year 5?

You are trying to accumulate $2,000 at the end of 5 years by contributing a fixed amount at the end of each year.  You initially decide to contribute $300 per year but find that you are coming up short of the $2,000 goal. What could you do to increase the value of the investment at the end of year 5?

a. invest in an investment that has a lower rate of return.

b. invest in an investment that has a higher rate of return.

c. make a sixth-year contribution.

d. contribute a smaller amount each year.

Reference no: EM133042542

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