Suppose that you are 28 years old and making retirement, Ask an Expert

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Suppose that you are 28 years old, and making retirement plans. You intend to contribute a certain amount per month until the age of 65 and then stop contributions. You will retire at age 70.

You receive a 10% APR compounded monthly on your account. If you wanted a perpetuity of $30,000,000 how much per month should you contribute?

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Financial Management, Finance

Category:- Financial Management
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