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Starting to save for retirement given the following information
Years until retirement: 35
Amount to withdraw each year in retirement: $120,000
Years to withdraw in retirement: 15
Interest rate while saving: 8%
Interest rate in retirement: 5%
Saved today: $0
First deposit will be made one year from today, and the last deposit will be made on the day she retires. Her first withdrawal will not take place until one year after she retires and she plans to spend her entire nest egg. What is the amount she will need to have saved on the day she retires? Round 2 decimal places.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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