Mathematics, 28.01.2020 10:31 PrincesssOfficial
You plan to work for 40 years and then retire using a 25-year annuity. you want to arrange a retirement income of $4000 per month. you have access to an account that pays an apr of 6.0% compounded monthly. this requires a nest egg of $620,827.46.
what monthly deposits are required to achieve the desired monthly yield at retirement? (round your answer to the nearest cent.)
Answers: 1
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You plan to work for 40 years and then retire using a 25-year annuity. you want to arrange a retirem...
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