Mathematics, 30.11.2021 21:50 Maddoxaustin1
Scenario #2: Pamela
Pamela is also a saver. She sets aside $100 per month during her 40-year career. She invests in the US stock market* through an index fund that averages a 7% annual return over this 40 year period.
What is the total balance in the account after 40 years?
32,183.77
How much of the total did Pamela contribute herself?
How much money did Pamela make through compounded returns in this investment account?
Why is Pamela’s total balance so much greater than Raul’s even though she contributed the same amount as he did?
please help
Answers: 1
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Scenario #2: Pamela
Pamela is also a saver. She sets aside $100 per month during her 40-year caree...
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