Question
Pat is 26 and already has $30,000 saved. Pat hopes to retire at 62 and draw $4,000 a month (At 5%) until age 90. Pat
Pat is 26 and already has $30,000 saved. Pat hopes to retire at 62 and draw $4,000 a month (At 5%) until age 90. Pat wants to have $50,000 left (at 90) to pay for final expenses. How much should Pat put away each month (at 10%) to meet these goals?
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
