you plan to work for 40 years and then retire using a 25 year annuity. You want to arrange a retirement income of $4700 per month. you have access to an account that pays an apr of 7.2% compounded monthly. What size nest egg do you need to achieve the desired monthly yield?

5. [O/1 Points DETAILS PREVIOUS ANSWERS CRAUDQU3 4.3.019A. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER you plan to work for 40 years and then retire using a 25-year annuity. You want to arrange arrement income of 5700 per month. You have accento an account that a APR O 7.25 compounded monthly Whatszerest ego do you need to achieve the desired month vied (Round your answer to the nearest cont.)