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9 . When you retire, you would like to have a monthly pension of $ 8 , 0 0 0 per month for 3 0
When you retire, you would like to have a monthly pension of $ per month for years. Assume you have just had your th birthday and you intend to contribute monthly to your retirement fund until you are The month after that you will start withdrawing your pension. Your investment advisor has found a guaranteed investment for your fund that will yield per year, compounded quarterly for the duration of your pension needs. How much should you contribute each month to your retirement fund, assuming your contributions start one month after your th birthday?
When you retire, you would like to have a monthly pension of $ per month for years. Assume you have just had your th birthday and you intend to contribute monthly to your retirement fund until you are The month after that you will start withdrawing your pension. Your investment advisor has found a guaranteed investment for your fund that will yield per year, compounded quarterly for the duration of your pension needs. How much should you contribute each month to your retirement fund, assuming your contributions start one month after your th birthday?
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