Business, 17.02.2020 17:36 arom7470

2. Rufus starts saving for retirement by investing $6,000 every year from the time he graduated until retirement (deposits at EOY 2021, 2022, …, 2060). Doofus also saves every year, but doesn’t make the first deposit until 2031 (deposits at EOY 2031, 2032, …, 2060). Assume each invests in a Vanguard index fund that earns 8% per year. How much does Rufus have upon retirement at EOY 2060? What amount should Doofus deposit each year to retire with the same amount as Rufus?

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2. Rufus starts saving for retirement by investing $6,000 every year from the time he graduated unti...

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