Question
You believe that after you retire in 30 years, you will spend $35,000 a year for 15 years. If the interest rate is 6% per
You believe that after you retire in 30 years, you will spend $35,000 a year for 15 years. If the interest rate is 6% per year, how much should you save each year until you retire to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Annual savings $ =
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To calculate the annual savings needed to meet the retirement goal we can use the present value of a...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
