Question: You ave trying to decide how much to save for settrement. Assume you plin ta save $ 4 , 0 0 0 per year with

You ave trying to decide how much to save for settrement. Assume you plin ta save $4,000 per year with the find investmunt made sne paar foom now You think you can eam 10% per year an you investments and you plan to netire in 45 years, innediately atter maling your last $8,100 investruent
a. More noch elli you have in roar refirement account on the day you refire? seed to te? whichal (assume your sarings will continue to can 10% in refrement)?
6. Assuming the mont you can afford to save is $1,600 per pax, but you want to refine with $1,000,000 to in your investrisent account, fow high of a refand do you need to cam an your investments?
You ave trying to decide how much to save for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!