Tricia is 22 years old and is planning for her retirement at age 63 (at t=41). Suppose she plans to save $2,000 per year for the next 15 years (t=1 to t=15). If she wants to have retirement income of $100,000 per year for 20 years, with the first retirement payment starting at t=41. How much must she save each year from t=16 to t=40 in order to achieve her retirement goal? Assume her rate of investment on the retirement fund is 8% per year on average.
6300 7300 8300 9300 5300 10300
Tricia is 22 years old and is planning for her retirement at age 63 (at t=41). Suppose she plans to save $2,000 per year
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answerhappygod
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