What should you save per month for the given years

Reference no: EM131974493

Question: (Finding an annuity payment) suppose you would like to be paid $30,000 per year during your retirement, which starts in 25 years. Assume the 30,000 is an annual perpetuity and the expected return is 6% APY. What should you save per month for the next 25 years so that you can achieve your retirement goal?

Reference no: EM131974493

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