You want to know in which scenario you need to save the, Financial Management

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You want to know in which scenario you need to save the

You want to know in which scenario you need to save the LEAST amount of money monthly. First plan is to have $1,250,000 in 25 years when you retire and your investments will earn 9%. The second option is to receive a monthly payment of $6,000 in retirement (your retirement will last 25 years) and you will earn a 4% rate of return on your investments in retirement. You have already saved $40,000 in one investment that will earn 7%, and $20,000 in a money market account that will earn 1.5%.

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