Question
Peyton is 25 years old; plans to retire at 68; expects to live to 90. Peyton wants to draw $4,200 each month (at 5.2% interest)
Peyton is 25 years old; plans to retire at 68; expects to live to 90. Peyton wants to draw $4,200 each month (at 5.2% interest) while retired. Peyton also wants to withdraw $40,000 at 45 years of age to make a down payment on a house. How much should Peyton put away each month (at 11.4% interest) from age 25 to 68?
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
