tire 35 years from today. In retirement, you will withdraw $200,000 from your retirement account each year for 30 years. You will make the first withdrawal 36 years from today. During your 35-year saving period, you expect to earn a rate of return of 8% compounded monthly. During your 30-year retirement period, you expect to earn a rate of return of 5% compounded annually. How much will you need to deposit at the end of each month, making the first deposit 1 month from now, in order to meet your retirement goal? You should first compute the amount that you will need to in the account when you retire That will provide you with the data to calculate the monthly investment required d
You plan to retire 35 years from today. In retirement, you will withdraw $200,000 from your retirement account each year for 30 years. You will make the first withdrawal 36 years from today. During your 35-year saving period, you expect to earn a
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