a. If the goal is to retire in 30 years with $2 million in investments and you have $250,000 now, what average return must you achieve to reach your goal?
b. If your return averages 6%, what will your end result (state in $) be in 30 years?
c. What is the portfolio return of the below?
Return 2011 2012 2013
Investment A $5,000 4% 4% 4%
B $10,000 6% 12% (0%)
C $5,000 12% 14% (2%)