Alpha Geek

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    Polytechnic State University Sanluis
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Category > Accounting Posted 07 May 2017 My Price 3.00

You want a retirement fund of $125,000 when you retire in six years.

You want a retirement fund of $125,000 when you retire in six years. You are able to earn 8 percent on your investments. How much should you deposit each year to build the retirement fund that you want?

Answers

(8)
Status NEW Posted 07 May 2017 11:05 AM My Price 3.00

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file 1494155593-Answer.docx preview (60 words )
Y-----------ou -----------wan-----------t a----------- re-----------tir-----------eme-----------nt -----------fun-----------d o-----------f $-----------125-----------,00-----------0 w-----------hen----------- yo-----------u r-----------eti-----------re -----------in -----------six----------- ye-----------ars-----------. Y-----------ou -----------are----------- ab-----------le -----------to -----------ear-----------n 8----------- pe-----------rce-----------nt -----------on -----------you-----------r i-----------nve-----------stm-----------ent-----------s. -----------How----------- mu-----------ch -----------sho-----------uld----------- yo-----------u d-----------epo-----------sit----------- ea-----------ch -----------yea-----------r t-----------o b-----------uil-----------d t-----------he -----------ret-----------ire-----------men-----------t f-----------und----------- th-----------at -----------you----------- wa-----------nt?----------- A-----------nsw-----------er ----------- Fu-----------tur-----------e v-----------alu-----------e= -----------ann-----------ual----------- sa-----------vin-----------gs*----------- Fu-----------tur-----------e v-----------alu-----------e o-----------f a-----------nnu-----------ity----------- of----------- $1----------- at----------- 8%----------- fo-----------r 6----------- ye-----------ars----------- $1-----------250-----------00=----------- an-----------nua-----------l s-----------avi-----------ngs-----------* 7-----------.33-----------59 -----------Ann-----------ual----------- sa-----------vin-----------gs=----------- $1-----------250-----------00/-----------37.-----------280-----------= $-----------170-----------39 ----------- -----------
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