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part 2 need help Intro You just turned 22 years old and want to retire when you turn 63. You expect to live for 25
part 2 need help
Intro You just turned 22 years old and want to retire when you turn 63. You expect to live for 25 years after retirement and expect to withdraw $8,600 per month during retirement, starting first withdrawal one month after your 63th birthday Your retirement account quotes a return of 6% annually. Part 1 | Attempt 1/3 for 10 pts. How much retirement money do you need to have by 63th birthday to support the withdrawal? 1334779 Correct Part 2 Attempt 1/3 for 10 pts. How much should you save each month if you make the first deposit one month after 22th birthday and the last one on 63th birthday? + decima Submit Step by Step Solution
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