What amount should shelly invest
Shelly Sands decided to retire to Hawaii in 8 years.What amount should Shelly invest today so that she will be able to withdraw $35,000 at the end of each year for 30 years after she retires? Assume she can invest money at 6% compounded annually.
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The next two questions are very lengthy so if I could just have somone let me know if they have the correct answer to this question I'd like to converse further for the rest of the questions.
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Shelly Sands decided to retire to Hawaii in 8 years. What amount should Shelly invest today so that she will be able to withdraw $35,000 at the end of each year for 30 years after she retires? Assume she can invest money at 6% compound
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