Business, 04.12.2019 07:31 jtbrown0093

You plan to work for 40 years and then retire using a 25-year annuity. you want to arrange a retirement income of $4500 per month. you have access to an account that pays an apr of 7.2% compounded monthly. what size nest egg do you need to achieve the desired monthly yield?

what montly deposits are required to achieve the desired monthly yield at retirement?

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