Question
18. An accountant is 40 years old with an anticipated retirement age of 70 years old. The accountant plans to save $6,000 per year at
18. An accountant is 40 years old with an anticipated retirement age of 70 years old. The
accountant plans to save $6,000 per year at the end of the next 30 years to fund retirement
.
How much will the accountant have upon retirement, if the accountant is able to earn 4%
annually on his investment?
$336,510
How would I do the math for this question?
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
