Ask Question
10 March, 20:20

You are now 20 years old and hope to save $500,000 for retirement at age 65. you are very unsure about the outlook for investment returns. if you assume no earnings on your investments, how much will you have to save each year?

+2
Answers (1)
  1. 10 March, 21:18
    0
    There are 45 years remaining to save $500,000 dollars at age 65. Dividing $500,000 by 45 is $11,111, which is the amount you will have to save each year.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are now 20 years old and hope to save $500,000 for retirement at age 65. you are very unsure about the outlook for investment returns. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers