Solution-Constant amount of money every year

Constant amount of money every year

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Reference no: EM133109907

Christine is now 40 years old. She is currently planning for her retirement and would like to have RM1,000,000 when she turns 60. She expects to earn an interest of 7% per annum on her savings. In order to achieve her retirement goal, Christine needs to save a constant amount of money every year. Advise her on how much she should set aside at the end of each year to realise her goal.

Reference no: EM133109907

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Constant amount of money every year

Reference no: EM133109907

Reference no: EM133109907

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