You wish to retire in 20 years at which time you want to

Reference no: EM13620409

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: EM13620409

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You wish to retire in 20 years at which time you want to

Reference no: EM13620409

Reference no: EM13620409

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