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23 years old, makes around $52k a year. Answer question 5 is $148,283.90. Answer question 6 is 1612181.274. please use this info to solve the
23 years old, makes around $52k a year. Answer question 5 is $148,283.90. Answer question 6 is 1612181.274. please use this info to solve the following. Thank you
Question 8 (1 point) How much do you need to save per month (at the end of each month) in an investment earning 7% per year now to reach the amount in Question 6 by age 65? Assume you have no money now in the investment. A Question 9 (1 point) How much do you need to save per month (at the beginning of each month) in an investment earning 7% per year now to reach the amount in Question 6 by age 65? Assume you have no money now in the investment. Question 10 (1 point) Calculate the amount you need at age 65 to retire to receive a perpetuity of 80% of Age 65 Salary (Question 5) income per year forever. You will invest this amount at 4% interest and receive your first perpetuity payment at Age 66Step by Step Solution
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