Question
Wally is planning for his retirement 20 years away. When he retires he want amount of Ksh.300, 000. His financial advisor suggested that 5% p.a.
Wally is planning for his retirement 20 years away. When he retires he want amount of Ksh.300, 000. His financial advisor suggested that 5% p.a. was a suitable interest rate to consider. How much will ha have to pay per month into his retirement fund (assume ordinary annuity).
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
