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You wish to retire in 20 years, at which time you want to have accumulated enough money to receive $15,000 per year for 25 years
- You wish to retire in 20 years, at which time you want to have accumulated enough money to receive $15,000 per year for 25 years after retirement. During the period before retirement you can earn 9 percent annually, while after retirement you can earn 10 percent on your money. What annual contributions to the retirement fund will allow you to receive the $15,000 annually?
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Consumer Credit And The American Economy
Authors: Thomas A. Durkin, Gregory Elliehausen, Michael E. Staten, Todd J. Zywicki
1st Edition
0195169921, 978-0195169928
