Question
You believe you will spend $43,000 a year for 17 years once you retire in 34 years. If the interest rate is 6% per year,
| You believe you will spend $43,000 a year for 17 years once you retire in 34 years. If the interest rate is 6% per year, how much must you save each year until retirement to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Annual savings | $ |
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
