Question
Alan is planning for his retirement in 20 years' time. He intends to draw a pension of $80,000 per year, for 25 years after retiring.
Alan is planning for his retirement in 20 years' time. He intends to draw a pension of $80,000 per year, for 25 years after retiring. How much should he deposit in her superannuation account each year, for the next 20 years, if the account delivers a return of 6% p.a.?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
