Question: Assume contunious compounding and continuous payments for the following problem. Suppose you wish to retire in 4 4 years on a fixed income equiva -
Assume contunious compounding and continuous payments for
the following problem.
Suppose you wish to retire in years on a fixed income equiva
lent to $ in today's dollars, and that inflation over the
coming years averages percent.
How much money, per month, will you need to invest starting
now, with zero initial investment, to attain the necessary nest
egg for retirement if your investment earns a percent yield as
you invest and throughout retirement?
Round your answer to the nearest dollar.
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