How much do you need to invest each year

Reference no: EM132041356

Question: You plan to retire 40 years from now. After retirement you want to be able to wathdraw $20,000 annually at the end of each year from retirement account for 20 years. You plan to save a given amount of money at the end of each of the next 40 years in your retirement account. Assuming that funds invested will earn a 10% annual rate, how much do you need to invest each year?

Reference no: EM132041356

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