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Question:
I'm a recent college graduate and throughout my classes the "time value of money" was thrown around. We learned that by investing $2,000 by the age of 21 with 10% interest compounded annually will get you around $625,000 (give or take a few thousand) by the time your 50.
My question, none of the banks I know offer 10% interest. Do money markets or cd's offer 10% interest?
P.S. I appreciate your comments and insights. Its much easier posting questions than scheduling an appointment with a financial advisor. Hopefully you can help me out with my quandry.
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Best told at a place called...the TFP.
on a quest...
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