Mathematics, 11.03.2021 18:30 197224

Joel plans to work for 40 years and then retire using a 25-year annuity. Joel also calculated that a monthly income of $3,500 will be needed during their retirement. What nest egg amount does Joel need to achieve the $3,500 desired monthly yield if the annuity earns an APR of
2.02% compounded monthly?

Joel plans to work for 40 years and then retire using a 25-year annuity. Joel also calculated that

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