Samara Banks, 35, has set a goal of having $1,500,000 by the time she retires in 30 years. She plans to achieve this by saving $5,500 per year, which she will invest in term deposits at the end of each year. The term deposits are expected to generate an average return of 10% for the next 30 years. Will she achieve her goal? (show calculations) If not, what can she do in order to reach her goal? List all the possible alternatives of action.

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The Answer of Samara Banks, 35, has set a goal of having $1,500,000 by the time she retires in 30 years. She plans to achieve this by saving $5,500 per year, which she will invest in term deposits at the end of each year. The term deposits are expected to generate an average return of 10% for the next 30 years. Will she achieve her goal? (show calculations) If not, what can she do in order to reach her goal? List all the possible alternatives of action.

Samara Banks, 35, Has Set a Goal of Having $1,500,000