Non-annual annuity, Stan wants to save for his retirement

Non-annual annuity

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Reference no: EM131868298

(Non-annual annuity) Stan wants to save for his retirement in 30 years. During his 30-year retirement, he pans to spend $5000 monthly, while earning 10% annually from his retirement funds. He will save monthly in his 401k retirement funds with his employer over the next 10 years, where he plans to earn 12% annually. How much must he save monthly, beginning at the end of the month to meet his objectives? How will his results change if he begins saving at the beginning of the current month.

Please use excel......

Reference no: EM131868298

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