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Question 1 157 Graham Small is 25 years old and is planning for his retirement at age 60. He plans to save R2.500 per annum

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Question 1 157 Graham Small is 25 years old and is planning for his retirement at age 60. He plans to save R2.500 per annum for the next 20 years, He wants to have retirement income of R130,000 per annum for 15 years, How much should Graham save each year from the age of 45 to achieve his retirement goal? The diversified fund he will invest will earn him 9% per annum, ($)

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