Question
You believe you will need to have saved $440,000 by the time you retire in 40 years in order to live comfortably. If the interest
You believe you will need to have saved $440,000 by the time you retire in 40 years in order to live comfortably. If the interest rate is 7% per year, how much must you save each year to meet your retirement goal?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Annual Savings $
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Management Accounting
Authors: Anthony A Atkinson, Robert S Kaplan
5th Edition
136005314, 978-0136005315
