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Today is MrX's55 th Birthday. He plans to save a fixed amount of money every year startingfrom his 56 th birthdayup to and including 65
Today is MrX's55thBirthday. He plans to save a fixed amount of money every year startingfrom his 56thbirthdayup to and including 65thbirthday. Then he will start drawing 10000 a year starting from his 66thbirthday up to and including 80thbirth day. If the market interest rate is fixed at 10%, how much will he need to save each year? (Round up to the nearest dollar)
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