Mathematics, 01.04.2020 04:10, genyjoannerubiera

Suppose you are 35 years old and would like to retire at age 65. Furthermore, you would like to have a retirement fund from which you can draw an income of $50,000 per year–forever! How much would you need to deposit each month to do this? Assume a constant APR of 6% and that the compounding and payment periods are the same.

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