Achieve her retirement goal

Reference no: EM13277236

You are a financial planner and have a client who would like to receive a $12,000 annuity for 25 years after retiring 20 yearsfrom now. Assuming an 8% return on investment can be earned prior to retirement and a 10% return can be earned after retirment, how much would you advise your client to invest annually, over the next 20 Years, to achieve her retirement goal?

Please show all work to arrive at your answers!

Reference no: EM13277236

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