Making retirement plans, Suppose that you are 28 years old,

Making retirement plans

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Reference no: EM131448760

Suppose that you are 28 years old, and making retirement plans. You intend to contribute a certain amount per month until the age of 65 and then stop contributions. You will retire at age 70. You receive a 10% APR compounded monthly on your account. If you wanted a perpetuity of $30,000,000 how much per month should you contribute?

Reference no: EM131448760

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