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25 years old, salary is 70,000 1. assume your nest egg is 4,504,260. since you are 25 you want to be more aggressive with investments
25 years old, salary is 70,000 1. assume your nest egg is 4,504,260. since you are 25 you want to be more aggressive with investments and expect to earn 8% while saving for retirement. you were left 50,000 cash inheritance that you will invest at (8%) to help fund your nest egg. If you start saving at 25 yrs and plan to save until you retire at age 65, how much must you save each year (at the end of the year) to reach your financial goal of 4,504,260. show work
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