You plan to work for 40 years and then retire using a 25-year annuity. you want to arrange a retirement income of $3500 per month. you have access to an account that pays an apr of 6.0% compounded monthly. this requires a nest egg of $543,224.02. what monthly deposits are required to achieve the desired monthly yield at retirement?

A =$ 543,224.5

Step-by-step explanation:

Given,

plan to work for = 40 years

P = $3500 per month

APR = 6 % =

n= 12 × 25 = 300

A =$ 543,224.5

so, the deposits are required to achieve the desired monthly yield at retirement A =$ 543,224.5

step-by-step explanation:

on monday rodney ate 1/4th of the sandwich = 3/12

on tuesday he ate 1/3rd of the sandwich = 4/12

therefore in total he has eaten = 3/12 + 4/12 = 7/12

thus we can say that he has eaten 7/12 of the sandwich on monday and tuesday alltogether.

happy to

pls mark as brainliest.