The writer is very fast, professional and responded to the review request fast also. Thank you.
You have inherited $50,000 and want to invest for retirement. Alice, your close friend working at a local
investment bank shared with you two products available for investment.
The first, Forever Axia Fund, will pay its investors 3% per year for the first 5 years and 7% per year thereafter. The second, Rocket High Dividend Fund, pays its investors 6% per year forever.
Required:
(a) Calculate how much you will have in each fund in 12 years’ time.
(b) Analyse which investment product you will choose if you wanted to retire in 30 years’ time.
(c) Calculate the year in which both funds will have equal value.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more