Question
You are planning to retire in 40 years with $2,800,000.00 in your retirement fund. Currently, inflation is expected to be 3.0000% and you expect to
You are planning to retire in 40 years with $2,800,000.00 in your retirement fund.
Currently, inflation is expected to be 3.0000% and you expect to earn 7.0000% on your retirement fund.
You are planning to make your first deposit TODAY.
How much will that first deposit need to be to reach your goal of $2,800,000 in 40 years?
Show all calculations on your scratch paper.
Enter the $ amount of the FIRST payment on the worksheet
Question:
FIRST Payment:
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Financial Management Theory And Practice
Authors: Prasanna Chandra
9th Edition
9339222571, 978-9339222574
