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Suppose that at time 28 you will receive a retirement bonus of $80,000 from your company. If the annual percentape rate (APA) is expected to
Suppose that at time 28 you will receive a retirement bonus of $80,000 from your company. If the annual percentape rate (APA) is expected to be 14 percent, compounded monthity, from now until time 28 , how much would you need to save at the end of each month in onder to be able to make the desired withdrawals at retirement (1.e, in order to have 51,325,057.37, including the bonus, saved at timo 28 )
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