Jordan wants to retire in 35 years. She wants to have $75,000 per year in retirement and she expects retirement to last for 35 years. if she can earn 8% before retirement and 5% after retirement, how much must she deposit at the end of each of the next 35 years?

Answer rating: 100% (QA)

We can use the present value of an annuity formula to solve this problem The formula is PV PMT 1 1 r... View the full answer