Question
You believe that you will need 24,302 dollars a year for 5 years in retirement. If you are 30 today, how much must you save
You believe that you will need 24,302 dollars a year for 5 years in retirement. If you are 30 today, how much must you save each year to meet your retirement goal if you plan to retire at 65? (Assume a 12 percent annual interest rate and that your 1st deposit will be 1 year from now and that your 1st withdrawal will be 36 years from today)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
