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Jaspinder Singh
on Dec 20, 2024

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You wish to save $500,000 in the next 25 years. You notice that a corporate bond fund that earns about 11 percent per year and decide to invest in it. How much must you save each year to obtain your goal?

A) $20,000.00
B) $3,749.98
C) $4,370.13
D) $2,000.00

Corporate Bond Fund

A corporate bond fund is an investment fund that focuses on investing in the corporate debt securities of varying credit ratings and maturities.

  • Understand the impact of different savings rates and investment strategies on achieving financial goals.
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YI
Yozaburo IgariDec 22, 2024
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