After three years of working Students A and B decide to start
saving for retirement by investing in an IRA. Student A invests
$50,000 the first year and then never again. Student B invests
$4,000 annually.
a. With an S&P500 average (2010 –
2020) of 13.6% interest, how much money does each student have
after 20 years? Report the total amount of money in each student’s
account at the end of earnings each year and how much money each
student invested.
b. Students A and B use the same
investment strategy except this time their initial investment year
was 2008 when the S&P500 lost 37%. With an initial loss of 37%
the first year and then 13.6% interest the remaining 19 years, how
much money does each student have after 20 years? Again, report the
total amount of money in each student’s account at the end of
earnings each year.
Please help me. Will rate.
After three years of working Students A and B decide to start saving for retirement by investing in an IRA. Student A in
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After three years of working Students A and B decide to start saving for retirement by investing in an IRA. Student A in
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