You want to be able to withdraw $25,000 from your account each year for 25 years after you retire. You expect to retire in 30

Question

You want to be able to withdraw $25,000 from your account each year for 25 years after you retire. You expect to retire in 30 years. If your account earns 5% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?

Kunduz · Accepted Answer

Click to see the answer