Question
Approximately how much should be saved by the beginning of retirement to provide a $2,500 monthly check post-retirement that will last for 20 years, during
Approximately how much should be saved by the beginning of retirement to provide a $2,500 monthly check post-retirement that will last for 20 years, during which time the fund will earn 12% interest with monthly compounding? (Hint: Please note that this question has monthly compounding)
- A. $167,366
- B. $227,048
- C. $378,700
- D. $490,000
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
0471361909, 978-0471361909
