Question
You are planning to retire in 45 years with $3,400,000.00 in your retirement fund. Currently, inflation is expected to be 5.5000% and you expect to
You are planning to retire in 45 years with $3,400,000.00 in your retirement fund.
Currently, inflation is expected to be 5.5000% and you expect to earn 12.0000% 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 $3,400,000 in 45 years?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
978-1259024962
