Question

Earl Broker is 25 years old, senior in college and he decides to put $150 every year in a Roth IRA through Vanguard Total Stock Market ETF. It gives the return of 10%. Find the total sum he will receive when he will withdraw the money in his 65th birthday.

Answer 1

Answer:

They figured that there is a 20% chance of a “Poor” economy (flat or negative growth), 70% chance of a “Good” economy (normal economic growth), or a 10% chance of a “Boom” economy (greater than 5%...)

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