Question
Zhao plans to work for 33 years and then retire. He figures hell then need a revenue of $5600 a month for the 35 years
Zhao plans to work for 33 years and then retire. He figures hell then need a revenue of $5600 a month for the 35 years following his retirement. How much should his monthly contributions be to his pension plan if he estimates the average annual interest rate over the full 68-year period will be 8% compounded monthly?
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Cost Accounting
Authors: Jawahar Lal, Seema Srivastav
6th Edition
9353168384, 978-9353168384
