My cousin Robert wants to have $10,000 per year as a retirement supplement for 20 years (from age 65 to 85). He is now 40 years old. How much must he save each year for the next 25 years if he assumes that his savings will generate 12% per year?

Answer rating: 100% (QA)

To calculate how much Robert must save each year for the next 25 years to have 10000 per year as a r... View the full answer