Question
1. You want to buy an RV when you retire. It's a big one and you will need $275,000 in the bank when you retire
1. You want to buy an RV when you retire. It's a big one and you will need $275,000 in the bank when you retire You have $19000 to open the account and you will deposit $800 at the end of each month.
What yearly rate will you need in the market for this to work? YEARLY RATE
2. You have the plan locked in for the RV account. You want a fun car to tow behind it and are looking at a new Jeep. You need $45,000 in that account in 14 years.
You are able to place $1,575 in to the account at the end of each year. No balance on year 0. First deposit i But, you know that won't get you there.
You are expecting an inheritance from your late aunt in 5 years. (start the savings account now.. 5 years from
If you can get a 3.2% rate on you account (PYCY) how much do you need from you Aunt to make this work
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