Mathematics, 15.06.2020 23:57, robsantana11

John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a savings account which pays him J12 = 6% p. a. He also wishes to
deposit $X every month into that account so that when he retires at 55, he can
withdraw $2000 every month end to support his retirement. He expects to live up till 70 years. How much should he deposit every month into his account?

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John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a savings a...