Question: Question 2 (4 points) Howard would like to have $30,000 per year, at the beginning of the year, when he retires in 15 years from

 Question 2 (4 points) Howard would like to have $30,000 per

Question 2 (4 points) Howard would like to have $30,000 per year, at the beginning of the year, when he retires in 15 years from now. He estimates that he will live for another 30 years after retirement and that he will get an interest rate of)2 = 10.5% in his investment account. Calculate the amount of money that Howard will need on the day he retires to achieve his retirement objective

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