You want to be able to withdraw $50,000 from your account each year for 25 years after you retire. You expect to retire in 20

Question

You want to be able to withdraw $50,000 from your account each year for 25 years after you retire.
You expect to retire in 20 years. If your account earns 4% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?
$
Round your answer to the nearest cent.

Kunduz · Accepted Answer

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