Use of Financial Calculator TI BA II Plus required. How much more will you earn on a lump sum investment of $20 000 if you increase your risk tolerance to improve your return from 6 percent to 8 percent over a 20-year period?

Question

Quizplus · Accepted Answer

The future value of $20,000 at 6% for 20 years is $64,143. The future value at 8% for 20 years is $93,219. The difference is $29,076, which is closest to $29,077.

Use of Financial Calculator TI BA II Plus Required