You want to be able to withdraw $50,000 from your account each year for 20 years after

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You want to be able to withdraw $50,000 from your account each year for 20 years after you retire. You expect to retire in 30 years. If your account earns 7% interest.

How much will you need to deposit each year until retirement to achieve your retirement goals?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Jun 20, 2023 07:07 AM

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You want to be able to withdraw $50,000 from your account each year for 20 years after

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To calculate the annual deposit required to achieve your retirement goal we need to consider the fut... View the full answer

Microeconomics An Intuitive Approach with Calculus

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