If you want your retirement fund to pay you 7500 per month, Financial Management

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If you want your retirement fund to pay you 7500 per month

If you want your retirement fund to pay you $7,500 per month over the 25 years of your retirement, how much do you have to save per month for the next 40 years in a fund earning 13% to accumulate the necessary funds. (the retirement annuity earns 8.5%)?

Please show answers based on formulas in Excel.

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Financial Management: If you want your retirement fund to pay you 7500 per month

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Financial Management: If you want your retirement fund to pay you 7500 per month

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