Question
Problem 5-42 Retirement Savings (LO3) You believe you will need to have saved $440,000 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 $440,000 by the time you retire in 40 years in order to live comfortably. If the interest rate is 7% 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.)
annual savings?
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Snap Judgment When To Trust Your Instincts When To Ignore Them And How To Avoid Making Big Mistakes With Your Money
Authors: David E. Adler
1st Edition
0137147783,0137037090
