Question
Problem 5-42 Retirement Savings (LO3) You believe you will need to have saved $480,000 by the time you retire in 40 years in order to
Problem 5-42 Retirement Savings (LO3) You believe you will need to have saved $480,000 by the time you retire in 40 years in order to live comfortably. If the interest rate is 6% per year, how much must you save each year to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
