Pls answer ASAP I upvote You wish to retire in 40 years. At that...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Pls answer ASAP I upvote
You wish to retire in 40 years. At that time, you want to have enough to provide for an income of $85,000 per year for 20 years. How much will you need to invest per year for those 40 years to reach that goal? Assume annual compounding and an average rate of 7.0%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!