How much does a person need to set aside and invest each year in order to accumulate $100,000 in 10 years; assuming an interest rate of return of 6%? Please provide detail break down Determine the internal rate of return on your education. For example:
CFO: 3 semesters,2 classes per semester, $2,500 per course = ($15,000) or whatever you are doing
CF1: ($15,000)
CF3: ($15,000)
CF4: $25,000 (or whatever is the difference between a GED degree and an undergraduate or graduate degree). Or do annual increases to account for raises and inflation.
Nj: 30 years (or however long you intend to work)
f IRR = ?