If you are 30 today how much must you save each year to


You believe that you will need 28,292 dollars a year for 5 years in retirement. If you are 30 today, how much must you save each year to meet your retirement goal if you plan to retire at 65? (Assume a 8 percent annual interest rate and that your 1st deposit will be 1 year from now and that your 1st withdrawal will be 36 years from today)

Solution Preview :

Prepared by a verified Expert
Finance Basics: If you are 30 today how much must you save each year to
Reference No:- TGS02732045

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)