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How much do need from uncle to make work

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Reference no: EM132557682

To meet your retirement goals (and pay for that big trip around the world) you will need $95000 in your travel account at the end of 15 years.

You are able to place $3500 in to the account at the end of each year.

However, you know that this won't make it.

Once the estate clears, you are expecting an inheritance from your late uncle in 5 years. (start the savings account now...5 years from now, you will have $ from uncle).

Question 1: If you can get a 4.8% rate on your account (PYCY)...how much do you need from your uncle to make it work?

Reference no: EM132557682

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