You believe you need to save $420,000 when you retire after 40 years to live comfortably. If
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You believe you need to save $420,000 when you retire after 40 years to live comfortably. If the interest rate is 6% per year, how much should you save each year to reach your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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