You are planning for retirement and have calculated that you want to have saved $1320,000 by the
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Question:
You are planning for retirement and have calculated that you want to have saved $1320,000 by the time you retire in 25 years. You have $20,200 now and you also know that you will receive $79,700 form your share of the family cottage in 8 years. Assume an annual return of 7.00% on your funds.
How much will you need to save at the end of each of the next 25 years to reach your retirement goal?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date: