Your mother just won $258,419 from splitting a Nobel Prize with three coworkers. If she invests her prize money in a diversified equity portfolio returning 77 percent per year, approximately how long will it take her to become a millionaire, before accounting for taxes?
If she invests her prize money in a diversified equity portfolio returning 7 percent per year, to become a millionaire, before accounting for taxes, it will take her nothing years.