Spenser uses a retirement fund and earns 475 after 30 years


Many retirement funds charge an administrative fee equal to 0.25% on managed assets. Suppose that Alexx and Spenser each invest $5,000 in the same stock this year. Alexx invests directly and earns 5% a year. Spenser uses a retirement fund and earns 4.75%. After 30 years, how much more will Alexx have than Spenser?

Request for Solution File

Ask an Expert for Answer!!
Econometrics: Spenser uses a retirement fund and earns 475 after 30 years
Reference No:- TGS02206398

Expected delivery within 24 Hours