About the retirement supplement

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Reference no: EM13875013

My cousin Robert wishes to have $10,000 per year as a retirement supplement for 20 years (from age 65-85). He is now 40 years old. How much must he save each year for the next 25 years if he assumes that his savings will earn 12% annually? $ 560.17 $1,499.99 $5,403.87 none of the above

Reference no: EM13875013

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About the retirement supplement : My cousin Robert wishes to have $10,000 per year as a retirement supplement for 20 years (from age 65-85). He is now 40 years old. How much must he save each year for the next 25 years if he assumes that his savings will earn 12% annually?

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