Electronic Timing,Inc.
2 answers
What is your question?
Dixons Shuttleworth is offered the choice of three retirement – planning investments. The first investment offers a 5% return for the first five years, a 10% return for the next five years, and a 20% return thereafter. The second investment offers 10% for the first ten years and 15% thereafter. The third investment offers a constant 12% rate of return. Determine, for each of the given number of years, which of these investments is best for Dixon and the plans to make one payment today into one of these funds and to retire in the following number of years.
a. 15 years
b. 20 years
c. 30 years
a. 15 years
b. 20 years
c. 30 years