Philip wants to supplement his pension by $2000 per month with income from his investments. His investments

Question:

Philip wants to supplement his pension by $2000 per month with income from his investments. His investments pay him monthly and earn 6% p.a. What value of investments must Philip have in his to generate enough interest to give him his desired income? Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...