8)Justin is twenty years old and has saved 50,000. He can invest it in a real estate venture that will pay 15% annually for 10 years, and then in a mutual fund for an additional 10 years at a 9.75 annual return. He's hoping that in 20 years, when he is 40, he will have enough money to pay for his child's college education, estimated at about $75000 per year. WillI he have enough?
8)Justin is twenty years old and has saved 50,000. He can invest it in a real estate venture that will pay 15% annually for 10 years, and then in a mutual fund for an additional 10 years at a 9.75 annual return. He's hoping that in 20 years, when he is 40, he will have enough money to pay for his child's college education, estimated at about $75000 per year. WillI he have enough?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:8)Justin is twenty years old and has saved 50,000. He can invest it in a real estate venture that
will pay 15% annually for 10 years, and then in a mutual fund for an additional 10 years at a 9.75
annual return. He's hoping that in 20 years, when he is 40, he will have enough money to pay
for his child's college education, estimated at about $75000 per year. WilI he have enough?
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