Today youre 35 years old and you want to retire when you reach the age...
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Finance
Today youre 35 years old and you want to retire when you reach the age of 75, at that time you want to have 30,000 per year for the next 20 years. During Retirement years, your money can earn 3% interest. How much you need to save annually for the next 40 years given that you will save equal amounts every year that can earn 8% interest, to be able to retire at 75. All cash flows are end of year basis
Please solve using a finance calculator (Texas instruments BA ll plus)
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