Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Fenetre135

  • 3 years ago

Sarat invested an average of $375 per month since age 35 in various securities for his retirement savings. His investments averaged a 4.5% annual rate of return until he retired at age 65. Given the same monthly investment and rate of return, how much more would Sarat have in his retirement savings had he started investing at age 25? Assume monthly compounding. $202,500.00 $218,161.70 $117,562.50 $174,278.98

  • This Question is Closed
  1. josh504
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    |dw:1366059961798:dw|

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy