Carli wants to save for her future. She is 32 years old right now. Carli wants to have $120,000 available at age 40 to buy a house. She also plans to retire at age 65 and would like to have $3000 per month until she is 90 years old. 

How much should she save each month if she can earn 8% interest?

Answer rating: 100% (QA)

To determine how much Carli should save each month we can use the present value formula for both her ... View the full answer