Identifying the best investment plans for retirement
Not what you're looking for? Search our solutions OR ask your own Custom question.
Your customer has $10,000 and needs $30,000 by the time the retire in 20 years. As an investment advisor, explain what three different investment plans are available to the customer. Provide an example of an investment as well as the average growth rate, and how long it will take to reach the goal of $30,000.
© BrainMass Inc. brainmass.com December 24, 2021, 5:11 pm ad1c9bdddfhttps://brainmass.com/business/investments-in-securities/identifying-best-investment-plans-retirement-34207
Solution Preview
Hi,
The client can invest in either of these three categories:
1- Municipal Bond: expected rate of return above inflation 4% an average and it is tax free.
2- Corporate Bond: expected rate of return an average is 7%, but it ...
Solution Summary
This solution provides a detailed explanation of the given accounting problem.
$2.49