Starting with nothing how much would you need to save and


Starting with nothing, how much would you need to save and invest at the beginning of each weak in a U.S. equity mutual fund (say based on the S&P 500, that averages 10% per year and has a standard deviation of 20% per year over long periods of time), to have a portfolio worth $1,000,000 in 20 years? State all assumptions, and show your work.

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Financial Management: Starting with nothing how much would you need to save and
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