Question
Your best friends uncle, 45 needs your help to have a comfortable retirement with $1.00 million in his retirement account. Currently, he has only $
Your best friends uncle, 45 needs your help to have a comfortable retirement with $1.00 million in his retirement account. Currently, he has only $ 200,000 in his Retirement Plan that is earning at avg annual rate of 7.5%. He wants to know how much additional amount per month is required to be invested in his retirement to achieve his goal. Based on your Calculations, the answer is approximately:
| a. | $1,445
| |
| b. | $195 pm
| |
| c. | No need to invest any more amount
| |
| d. | $16,425 pm
| |
| e. | $ 2197pm |
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Broadcasting Finance In Transition
Authors: Jay G. Blumler, T. J. Nossiter
1st Edition
0195050894, 978-0195050899
