Calculate how much you would have to save between now and age 68 in order to finance your retirement income.
Make the following assumptions:
All savings draw compounded interest of 10 percent per year.
You make the first payment today and the last payment on the day of your turn 68 (43 annual end of the year payments).
You make the first withdrawal when you turn 68 and the last withdrawal when you turn 95 (27annual withdrawals).
This question was asked on Apr 15, 2010.
Recently Asked Questions
- is imperialism a product of unregulated capitalism? I want to write about something like nationalism and industrialism, but don't know how to
- “What could be the psychological bases for why the 15 year old teenager crossed the road, only to get arrested by the police who were sitting in the car
- How have Zen Buddhist ideas influenced music for shakuhachi?