Question Shahed wants to receive a retirement amount $5,070,000 at the end of 36 Years from now. If The Vanguard Group, Inc. assure the growth rate of 9.99 percent compounded annually, and BlackRock, Inc. - an American multinational investment management gives the growth of 10.99 percent compounded. How much more amount to be deposited by Shahed, if she opts BlackRock for her investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 22P
icon
Related questions
Question

Question

Shahed wants to receive a retirement amount $5,070,000 at the end of 36 Years from now. If The Vanguard Group, Inc. assure the growth rate of 9.99 percent compounded annually, and BlackRock, Inc. - an American multinational investment management gives the growth of 10.99 percent compounded. How much more amount to be deposited by Shahed, if she opts BlackRock for her investment?

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Present Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage