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You turn 30 and want to retire at 60 and believe you'll live to be 89, and then die. You can invest money at 8%
You turn 30 and want to retire at 60 and believe you'll live to be 89, and then die. You can invest money at 8% compounded annually. I believe that we are trying to find how much we want to retire with at 60, and then either how much we have at 89 or what our last payment by the time we turn 89 will be.
Present Value of Annuity Due at 60 is 1215841. Future value of ordinary annuity at 89 is 10733. How do we reach both numbers
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