Herbert has opened a retirement fund account which pays 7% interest and requires annual deposits of $4660 at the beginning of each year. Herbert will retire in 6 years and expects to live 10 years after in retirement. What is the maximum annual retirement benefit herbert can get at the end of each of his retirement?

Answer rating: 100% (QA)

To find the maximum annual retirement benefit that Herbert can get we need to calculate the future v... View the full answer