5. Calculate the value of my retirement account if I save $10,000 for 30 years and...

Question

Question

Answer 1

Answer #1

Solution 1:-

This is future value problem and the sum total after 30 years will be-

If today you were to invest $10000 at the rate of 12%, i would have $299,599.22 at the end of 30 time periods. And this is a single amount

Solution 2:-

This is future value problem and the sum total after 10 years will be-

If today you were to invest $15000 at a rate of 15%, you would have $60,683.37 at the end of time periods. And this is single amount.

Answer 2

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