Question
Mac plans to retire in 20 years, when he is 55. He estimates that he will need $250 000 to live on, until he is
Mac plans to retire in 20 years, when he is 55. He estimates that he
will need $250 000 to live on, until he is eligible for his pension.
a)
How much money should he invest now, at 8.5% compounded
annually, to meet his goal?
b)
How much interest will he earn in 20 years
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Communication Essentials For Financial Planners
Authors: John E. Grable
1st Edition
1119350786, 978-1119350781
