question archive Jane would like to accumulate $1,200,000 in investments for her financial independence in 26 years from now (in real terms)
Jane would like to accumulate $1,200,000 in investments for her financial independence in 26 years from now (in real terms)
Subject:FinancePrice: Bought3
Jane would like to accumulate $1,200,000 in investments for her financial independence in 26 years from now (in real terms). She currently has $60,000 in investments. She expects the real rate of return on her investments over the next 26 years to be 5% per annum (compounded yearly). Assuming that additional investments are made at the end of each year, how much does she need to save and invest (in real terms) each year over the next 26 years to achieve financial independence (to the nearest dollar)
