Question

Andrew wishes to retire in 12 years and currently he has RM50,000 in savings account yielding 5 percent annually and RM100,000 in stocks yielding 10 percent per annum. If he expects to add RM10,000 to his savings account and RM20,000 to his stock portfolio at the end of each year, how much is his retirement funds when he retires?

Answer #1

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You wish to retire in 20 years. Currently, your pre-retirement
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1.Calculate the overall rate of return per year that you
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Apply Basic Annuities:
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expects to live for 25 years after he retires, until he is 85. He
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