Business, 10.07.2021 20:00 skyyk8107

You want to retire in 40 years, and you want to have an annuity of $65,000 a year for 30 years after retirement. You want to receive the annuity payments at the end-of-year basis during your retirement period. Using an interest rate of 7.5% for the savings period and 3.25% for the retirement period, how much you must save during your 40 working years, in equal amount at the end-of-year basis, in order to have this retirement annuity? $5,791.71

$5,260.50

$5,429.22

$5,986.49

$5,099.53

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