January $19,2023$

retire $02n03m$

Suppose you wish to retire in $41$ years on a fixed income equiva$-$

lent to $$76,000\mathrm{.}00$ in today's dollars.

Also suppose that inflation over the coming $41$ years averages $4\mathrm{.}7$

percent.

How much money, per month, will you need to invest starting

now, with zero initial investment, to attain the necessary nest

egg for retirement if your investment pays a $12\mathrm{.}68$ percent yield?

Round your answer to the nearest dollar.

The correct answer ranges from $$239\mathrm{.}67$ to $$243\mathrm{.}67,$ I just don't know how to find it