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You are planning to retire exactly in 24 years from now. Your goal is to create a fund that will allow you to receive $7310
You are planning to retire exactly in 24 years from now. Your goal is to create a fund that will allow you to receive $7310 at the end of each month for 19 years after your retirement. You assume that you will be able to earn 1% per month on your deposit account for these years (all the years you save and the years you withdraw). What will be the amount of monthly payments that you make for 24 years until you retire?
325.82
319.0
328.93
395.73
345.7
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