Business, 01.07.2021 19:20 0prayforthelost0
Susan Norman seeks your financial advice. She wants to know how long it will take her to become a millionaire. She tells you that she has $1 comma 330 today and wants to invest it in an aggressive stock portfolio. The historical return on this type of investment is 18 % per year. How long will she have to wait if the $1 comma 330 is the only amount she invests and she never withdraws from the market until she reaches her $1 million? (Assume no taxes on the earnings.) What if the rate of return is only 14 % annually? What if the rate of return is only 10 % annually?
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Susan Norman seeks your financial advice. She wants to know how long it will take her to become a mi...
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