Question
You want to receive $5,000 per month in retirement. If you can earn 1% per month and you expect to need the income for 20
You want to receive $5,000 per month in retirement. If you can earn 1% per month and you expect to need the income for 20 years, how much do you need to have in your account at retirement?
| $595,808 | ||
| $454,097 | ||
| $586,455 | ||
| $698,266 |
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
