1. Business
  2. Economics
  3. how much must you deposit each year into your retirement...

Question: how much must you deposit each year into your retirement...

Question details

How much must you deposit each year into your retirement account starting now and continuing through year 12 if you want to be able to withdraw $95,000 per year forever, beginning 27 years from now? Assume the account earns interest at 10% per year.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution