Business, 20.12.2019 18:31, kekoanabor19

You plan to retire at age 65, and you want to have enough money in your savings account to withdraw $54,000 every year for 20 years after that. your account earns 9% interest per year. if you're currently 30, how much money do you need to put in the account each year until you're 65 (35 years) to make that happen? (note: you put in the last deposit in one year and make the first withdrawal in the next. there is no gap.)

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You plan to retire at age 65, and you want to have enough money in your savings account to withdraw...