JSGood85 JSGood85

21-04-2024
Mathematics

Answered

Currently, you save $15000 per year. Your retirement account earns a 5% annual interest rate. You want to make monthly withdrawals of $25,000 per month for 30 years. If you plan on working for 40 years how much more most be saved per year if you want to make monthly withdrawals of $25,000.

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