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    Investment Plan

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    I need to see an example investment plan with the given info. Please create your own customer requirements for the plan and list them as well.

    An investment adviser is planning the retirement of a customer. The customer has $10,000 dollars to invest and needs the investment to increase to $30,000 within 20 years.

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    Solution Preview

    First we need to calculate the rate of interest the investor is requiring. You can use a financial calculator or Excel to solve for this. You cannot do this manually since it is a trial and error method. Since financial calculators vary, I'll tell you the formula that you use in Excel. ...

    Solution Summary

    Overall, an excellent response with a great amount of detail. The solution is very easy to understand and very well explained.