Today edgar and eleanor each have 150000 in an investment


Today, Edgar and Eleanor each have $150,000 in an investment account. No other contributions will be made to their investment accounts. Both have the same goal: They each want their account to reach $1 million, at which time each will retire. Edgar has his money invested in low-risk securities with an expected annual return of 5 percent. Eleanor has her money invested in a stock fund with an expected annual return of 10 percent. How many years after Eleanor retires will Edgar retire?

12.6

19.0

29.4

38.9

19.9

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Today edgar and eleanor each have 150000 in an investment
Reference No:- TGS01398121

Expected delivery within 24 Hours