Georgia wants to build a retirement portfolio, if she invests at 7% per year, she'll be able to generate a $3,000 monthly income for 30 years. She still has 20 years until she retires and hasn't started saving yet. What does she need to contribute each month to reach her goal? 

Answer rating: 100% (QA)

3000 monthly means 3600000 annually present value interest factor of annuity 7 and 30 year... View the full answer