Mathematics, 11.03.2021 22:40 BarcaOsama
You received $250 for your 18th birthday. You immediately invest in an index fund
that has an average annual rate of return of 12.4% compounded monthly. You
contribute $25 a month for the 1st ten years of your investment. You contribute
$250 a month for the next twelve years. For the last twenty-five years you
contribute $1,500 per month. What is the value of your investment on your 65th
birthday? Justify your answer.
Answers: 1
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You received $250 for your 18th birthday. You immediately invest in an index fund
that has an avera...
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