Ms. Y is planning to save for her retirement. She is planning to contribute $3,000 at the
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Ms. Y is planning to save for her retirement. She is planning to contribute $3,000 at the end of each year for the next 30 years into an investment account with an expected annual return of 8%. If she wants to have a retirement fund of $1,000,000, how much should the investment account have at the time of her retirement, assuming no withdrawals are made during the 30-year period?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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