1. Discuss why all people do not have the same time preference for money 2. You...

1. Discuss why all people do not have the same time preference for money

2. You have finally graduated from college and are doing a little retirement planning. You plan to retire in 40 years. At that time you want to have a million dollars in savings. If you can receive 5% interest annually on a savings account, what is the fixed amount you have to save each month? How much would you have to save if the money was invested in mutual funds earning 10%?

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Rahul Sunny answered 2 years ago

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