Question

PLEASE HELP MEEEEE bowen invested an average of $350 per month since age 44 in various securities for his retirement savings. his investments average a 5% annual rate of return until he rited at age 69. given the same monthly investment and rate if return, how much more would bowen have in his retirment savings had he started investing at age 30? assume monthly compounding.

a. $379,353.51
b.$61,740.00
c.$295,594.30
d.$132,300.00

Answer 1

did you get the answer

Answer 2

Answer:If anyone is taking the test

1. government bond and us treasury

2. 25% high risk

3.295,594.30

4.$1.65

5.377,842.50

6. $50

7.$400,703.58

8.$113,541

9.$13,175

10.$30,900

11.$18,434

12. $18,152

13. $249,651

14. essay