Problem 5.30 – Allison & Leslie (Twins)

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition, 10th Edition, and 11th Edition

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Difficulty – Medium

Given how much the twins received on their birthday, the annual contribution plan, and the percentages of where they both opened accounts... find how old both twins are before they become a millionaire, how large one twin's annual contribution will have to be, and if it's rational to invest in the bond fund.

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