Mayson Is 30 Years Old And Will Retire At Age 65 He Will Receive Retirement Benefits But The Benefits Are Not Going To 1 (30.67 KiB) Viewed 13 times
Mayson Is 30 Years Old And Will Retire At Age 65 He Will Receive Retirement Benefits But The Benefits Are Not Going To 2 (30.67 KiB) Viewed 13 times
Mayson is 30 years old and will retire at age 65. He will receive retirement benefits, but the benefits are not going to be enough to make a comfortable retirement life for him. Mayson has estimated that at additional $25,000 a year over his retirement benefits will allow him to have a satisfactory life. Assume Mayson will have 15 years of retirement, calculate the amount that Mayson should deposit today in an account paying 6 percent interest to meet his goal.
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