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Michael plans to retire in 10 years. When he does, he would like to withdraw $2,500 at the beginning of each quarter for 20 years
Michael plans to retire in 10 years. When he does, he would like to withdraw $2,500 at the beginning of each quarter for 20 years after he retires. If interest is 2.25% compounded semi-annually, how much must he deposit at the end of each month for the 10 years leading up to his retirement?
PMT setting (BGN or END) | A | A |
N | A | A |
I/Y | A | A |
P/Y | A | A |
C/Y | A | A |
PV | A | A |
PMT | A | A |
FV | A | A |
A = Answers (need answers on all A)
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