Kathy’s retirement savings is $11,60,000
Mark’s retirement savings is $2,90,000
Total retirement savings amount is $1,450,000
Kathy’s investment is 4 times more than Mark
Calculation of future value at the end of 6 years:
Particulars Values
Total retirement savings $1450000
Mark investment (times) 1
Number of times kathy's investment is more B3x4 = 4
Total B34 = B3+B4 = 5
Kathy's retirement savings (B2*B4)/B5 = $11,60,000
Mark's retirement savings B7/B4 = $2,90,000
<h3>What is investment ?</h3>
Investing is holding assets with the goal of achieving value over a period of time. Investing requires the sacrifice of some current asset, such as time, money, or effort. The purpose of financial investments is to obtain income from the invested property. Investments typically fall into three main categories: stocks, bonds, and cash. Each group has many different rankings. Here are six types of investments you can consider for long-term growth, and what you should know about each
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