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You just started a career as a lion tamer in the circus and have decided that...

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Finance

You just started a career as a lion tamer in the circus and havedecided that you would like to retire at age 55, before yourreflexes slow down too much. You just turned 25. During retirement,which you believe will last 20 years, you would like to have $5000per month to spend, with payments received at the beginning of eachmonth. you have estimated that you can earn 11% during bothretirement and during your investment years. How much must youinvest each month during your working years in order to have theretirement you desire?

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