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Robert Kiyosaki, author of Rich Dad Poor Dad, states it is basically impossible to know how much you need to save for retirement. Instead he

Robert Kiyosaki, author of Rich Dad Poor Dad, states it is basically impossible to know how much you need to save for retirement. Instead he asserts, If you change your definition of nest egg to mean a pile of cashflowing assets, rather than cash, your problem is solved. He recommends rather than selling your start-up home, rent it out instead. If you are able to rent your start-up home for $2,400 per month and invest this amount annually in an ordinary annuity for 30 years at 6% interest annually, how much will you have?
Note: Do not round intermediate calculations. Round your answer to the nearest cent.

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