Catherine would like to make a single investment which would grow to be worth $2...
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Finance
- Catherine would like to make a single investment which would grow to be worth $2 million when she retires in 35 years. She believes she will earn a 4% return on her investment.
- How much does she need to invest today?
- If she invests that amount, but earns 6% (instead of 4%), when will she be able to retire? (That is, when will her savings have grown to $2 million?)
- How much does she need to invest today?
- If she invests that amount, but earns 6% (instead of 4%), when will she be able to retire? (That is, when will her savings have grown to $2 million?)
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