How much money she will have when she retiared at age of 60, if she invested all her saving in an investment company that pay 11% return annually compounding annually.
How much money she will have when she retiared at age of 60, if she invested all her saving in an investment company that pay 11% return annually compounding annually.
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
Problem 1PS
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Hazha graduated from AUIS with BA from business administration, she start works as finance officer in a British company. She use the knowledge she learn from FIN301 class to plan for her future. She start saving at age of 25 years old, $300 a month until. Hazha got married at age 30 and also got promoted from her job, she increases saving to $500 a month. How much money she will have when she retiared at age of 60, if she invested all her saving in an investment company that pay 11% return annually compounding annually.
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