How large of nest egg should have at retirement


You are attempting to build the nest egg for the retirement. You have evaluated that you will require the income of $5,000 a month after retirement. How large of the nest egg (principal Po) should you have at retirement? supose that at the retirement you put that money (Po) in the annuity with the guaranteed annual return of 8%.

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Mathematics: How large of nest egg should have at retirement
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