You are saving for retirement. to live comfortably, you decide you will need to save $ 4 million by the time you are 65. today is your 25 th birthday, and you decide, starting today and continuing on every birthday up to and including your 65 th birthday, that you will put the same amount into a savings account. if the interest rate is 3 %, how much must you set aside each year to make sure that you will have $ 4 million in the account on your 65 th birthday?
Answers: 1
![1,226,241.57=C[\frac{1}{0.03}\times(1-0.3065)+1]](/tpl/images/0280/1585/355ef.png)
Another question on Business
Business, 22.06.2019 08:00
Why do police officers get paid less than professional baseball players?
Answers: 2
Business, 22.06.2019 10:20
The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?
Answers: 3
Business, 23.06.2019 01:00
Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with internet service. of the conditions that need to be put in place for the entrepreneurial ecosystem, she needs
Answers: 1
Business, 23.06.2019 03:00
If big macs were a durable good that could be costlessly transported between countries, which of the following would present an arbitrage opportunity? check all that apply. exporting big macs from argentina to the united states. exporting big macs from the united kingdom to poland. exporting big macs from switzerland to china
Answers: 1
You know the right answer?
You are saving for retirement. to live comfortably, you decide you will need to save $ 4 million by...
Questions
Mathematics, 31.01.2020 01:45
History, 31.01.2020 01:45
History, 31.01.2020 01:45
Biology, 31.01.2020 01:45
Computers and Technology, 31.01.2020 01:45
Mathematics, 31.01.2020 01:45
Spanish, 31.01.2020 01:45
Mathematics, 31.01.2020 01:45
History, 31.01.2020 01:45
