If your client's objective is to have $10,000 in four years, how much should he invest today in a product earning 5.5% compounded annually? (Taken from CIFP course materials)

Compounded Annually

Compounding annually is a method where interest is added to the principal sum at the end of each year, impacting the total interest earned or paid.

Objective

A goal or target that is aimed to be achieved, often used in planning and strategy contexts.