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Future value of a portfolio.  Rachel and Richard want to know when their current portfolio will...

Future value of a portfolio.  Rachel and Richard want to know when their current portfolio will be sufficient for them to retire. They have the following balances in their​ portfolio: Money market account​ (MM):  ​$35,000 Government bond mutual fund​ (GB):  ​$125,000 Large capital mutual fund​ (LC):  ​$106,000 Small capital mutual fund​ (SC):  ​$77,000 Real estate trust fund​ (RE):  ​$83,000 Rachel and Richard believe they need at least ​$1,700,000 to retire. The money market account grows at 2.5 % ​annually, the government bond mutual fund grows at 5.0 % ​annually, the large capital mutual fund grows at 9.0 % ​annually, the small capital mutual fund grows at 13.5 % ​annually, and the real estate trust fund grows at 3.0 % annually. With the assumption that no more funds will be deposited into any of these​ accounts, how long will it be until they reach the ​$1,700,000 ​goal?

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Time taken to reach the goal 17.69 years 35000 2.50% 54165.59 5% 296244.6 996 486639.1 77000 13.50% 722956.9 396 139993.9 1700000 4 125000 106000 LC SC RE 83000 3 10 12 13Time taken to reach 17.6853609182384 years 4 GB LC SC RE 0.025 0.05 0.09 0.135 0.03 106000 83000 -SUM(E4:E8) 12 13

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