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You would like to have an annual $90,000 income generated from your retirement fund one year after your 65-year old birthday for 30 years. You
You would like to have an annual $90,000 income generated from your retirement fund one year after your 65-year old birthday for 30 years. You are exactly 25 years old now and you decided to start a retirement fund investment to reach that goal one year from now and make your last deposit on your 65- year old brthday. Assume the annual interest rate stays ay 8% per year and all investment and withdrawal of funds are made at the end of each year. How muc money will you accumilate in this retirement account right after your last deposit?
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