Assume the same facts as in question 20 except that Robin would like to have the same
Question:
Assume the same facts as in question 20 except that Robin would like to have the same amount in retirement savings at age 95, as she does at age 60, when she retires. How much must Robin save at the end of each year, if she wants to make her last savings payment at age 60, and maintain the original account balance needed at retirement for the entire retirement life expectancy?
a. $2,579.57:
b. $10,899.37.
c. $11,181.92,
d. $11,280.51.
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Related Book For
Fundamentals Of Financial Planning
ISBN: 9781936602094
3rd Edition
Authors: Michael A Dalton, Joseph Gillice
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