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You are an investment advisor who has been approached by a client for help on his financial strategy. The client currently has $[(2+9)*$100] in his
You are an investment advisor who has been approached by a client for help on his financial strategy. The client currently has $[(2+9)*$100] in his retirement account. He plans to retire [2+9+1+8] years from now. How much money would he need to save each year for the next [2+9+1+8] years to be able to withdraw $120,000 a year for 25 years after his retirement? Assume that he will earn [3+2]% annual return on his investments.
NOTE: Provide your answers with four decimals after the dot. If your answer is 20 you must enter 20.000.
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