Given that you will work for another 35 years and would like to accumulate
Given that you will work for another 35 years and would like to accumulate
Subject: Business   / Finance
Question
Given that you will work for another 35 years and would like to accumulate $10,000,000 by the end of that time. You plan to invest in stocks which you estimate will return a consistent 10 % per year.
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a. if you fund your retirement plan with one payment today, how much should that payment be ?
b. if you fund your retirement plan by making equal payments at the end of each of the 35 years how much should each payment be?
c. If you fund your retirement plan by doing nothing for the first 10 years and then making eual payments at the end of each of the remaining 25 years, how much should each payment be ?
d. If you fund your retirement plan by making equal payments at the end of the next 25 years and then no further payments for the remaining 10 years. how much should each payment be ?