Donald is planning on retiring in 30 years and would like

Reference no: EM13589390

Donald is planning on retiring in 30 years and would like to withdraw $120,000 per year for 20 years until he dies. After he retires he will earn 4% in his retirement account, but while he is working, he will make 12% annually. He also has saved $150,000 already to help him achieve his retirement dreams. Please provide the annual savings he needs to make to achieve his retirement goal.

Reference no: EM13589390

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