What annual contributes to the retirement fund will allow

Reference no: EM13275468

You wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $12,000 for 25 years after retirement. during the period before retirement you can earn 8% annually, while after retirement you can earn 10% on your money. What annual contributes to the retirement fund will allow you to recieve the $12,000 annuity?

Reference no: EM13275468

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