Maya already determined the amount of money she needs at retirement, which is $3,500,000.

Maya has decided to start saving for retirement immediately. She will make an annual contribution into her retirement account. The contribution will be made at the end of each year. She expects to earn 6.5% compounded annually prior to retirement. What is amount of her annual contribution?

Answer rating: 100% (QA)

To calculate the annual contribution Maya needs to make to reach 3500000 at retirement we can use th... View the full answer