Question
Suppose that you have estimated that, to provide for your retirement income, you will need $1,150,000 on deposit in your retirement account when you retire.
Suppose that you have estimated that, to provide for your retirement income, you will need $1,150,000 on deposit in your retirement account when you retire. You believe that you will earn an average of 10% on your retirement investments until you retire in 30 years. What must your annual deposits be to accumulate this total?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
