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Tyrone, age 25, expects to retire at age 60. He expects to live until age 90. He anticipates needing s45,000 per year in today's dollars
Tyrone, age 25, expects to retire at age 60. He expects to live until age 90. He anticipates needing s45,000 per year in today's dollars during retirement. Tyrone can earn a 12% rate of retum and he expects inflation to be 4%. How much must Tyrone save, at the beginning of each year, to meet his retirement goal? a. $3,980.76. b.. $4,585.46. c. $4,879.29. d. $5,132.33
I'm not sure how to figure this out on a 12c hp calculator
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