You are planning for your retirement. You know that you want to retire after having worked 35
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You are planning for your retirement. You know that you want to retire after having worked 35 more years, and have calculated that you can retire comfortably if you have accumulated $3,010,000 at that time. You plan on making equal annual deposits, with the first one being made today, and the last deposit being made exactly one year before you retire. You have assumed that you can earn 14% annually on your investments. What is the amount of your annual deposit?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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