This topic contains a solution. Click here to go to the answer

Author Question: Joe and Bill are the same age and starting their careers. Each plans to retire at age 65 and each ... (Read 71 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Joe and Bill are the same age and starting their careers. Each plans to retire at age 65 and each wants to have in his RRSP account by then. If they both get seven percent annual return on their RRSP savings, which one will be closer to reaching his goal?
Joe if he starts saving $200 a month when he is 25 years old
Bill if he starts saving $800 a month when he is 45 years old
Bill if he starts saving $1000 a month when he is 45 years old
Joe if he starts saving $150 a month when he is 20 years old


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BrownTown3 on Nov 11, 2019

peter

  • Sr. Member
  • ****
  • Posts: 330
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly




BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Nov 11, 2019
:D TYSM


Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

For a complete list of videos, visit our video library