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Based on the information below, if Jason wants to have the equivalent of 2 million dollars (in terms of todays dollars) when he retires, how
Based on the information below, if Jason wants to have the equivalent of 2 million dollars (in terms of todays dollars) when he retires, how much should he save in equal monthly deposits from the end of the next month (please enter the numeric value round to the nearest dollar)?
Goal (Current Dollars) | $2,000,000 |
inflation rate | 2% |
years till retirement | 35 |
Equivalent Retirement Accumulation Needed | $ |
Months till retirement | |
Investment yield (annual) | 8% |
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