Question
Suppose you are planning to retire in 30 years and you want to determine how much you need to save each month to reach your
Suppose you are planning to retire in 30 years and you want to determine how much you need to save each month to reach your retirement goal of $1,000,000. You plan to earn an average annual return of 8% on your investments.
What is the monthly savings amount you need to reach your retirement goal in 30 years?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
