You are saving to retire with ($1) million 30 years from today. You can start the savings
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You are saving to retire with \($1\) million 30 years from today. You can start the savings plan with a \($5,000\) deposit today. Additionally, you can deposit \($7,500\) 10 years from today, \($10,000\) 20 years from today, and \($15,000\) upon retirement. You need to set up an ordinary annuity plan to reach your goal. What annual payment must you make in the plan to have \($1\) million upon retirement if you can invest at 12%?
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Related Book For 
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
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