Calculate the amount of money she would have to invest in


Bella, who is currently 25 years old, wants to invest money into a retirement fund so as to have $2,000,000 saved up when she retires at age 65. If she can earn 12% per year in an equity fund, calculate the amount of money she 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.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Calculate the amount of money she would have to invest in
Reference No:- TGS02717706

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)