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Author Question: You can invest $3,000 at the end of each of the next 20 years into a retirement account paying 10% ... (Read 64 times)

wenmo

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You can invest $3,000 at the end of each of the next 20 years into a retirement account paying 10% annual interest. Alternatively, you can enter into a retirement plan with your employer where, for every yearly (end-of-year) payment of $3,000 you make, the firm will contribute $1,500. Your employer's plan will also last for the next 20 years. The firm guarantees a return of 7% on its retirement plan. Which option is better?
◦ Invest with your employer
◦ Indifferent
◦ Invest on your own


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Marked as best answer by wenmo on Apr 25, 2021

anoriega3

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wenmo

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Reply 2 on: Apr 25, 2021
Excellent


dyrone

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Reply 3 on: Yesterday
:D TYSM

 

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