Question: Yvan Cooper is 2 7 years old and is considering a monthly savings plan for his retirement. He plans to retire at 6 7 and
Yvan Cooper is years old and is considering a monthly savings plan for his retirement. He plans to retire at and wants to be able to take $ per month beginning on his th birthday. He expects to live to years from retirement Mr Cooper believes he can earn during the years he is still working, and then will take a more conservative approach once he retires with an expected return of He would also like to be able to fund an endowment at his alma mater, UAlbany, in the amount of $ million on his nd birthday. To be able to meet his goals, the monthly contributions Mr Cooper needs to make beginning next month is closest to:
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