Investment analysis luis has 150000 in his retirement


Question: INVESTMENT ANALYSIS Luis has $150,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $3000/quarter into the new account until his retirement 20 yr from now. If the account earns interest at the rate of 8%/year compounded quarterly, how much will Luis have in his account at the time of his retirement?

Solution Preview :

Prepared by a verified Expert
Mathematics: Investment analysis luis has 150000 in his retirement
Reference No:- TGS02351959

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)