Arjun plans to retire on his 65th birthday. However, he plans to work part-time until he turns 72. During these years of
Posted: Sun Jul 03, 2022 6:43 am
Arjun plans to retire on his 65th birthday. However, he plans towork part-time until he turns 72. During these years of part-timework, he will neither make deposits to nor take withdrawals fromhis retirement account. Arjun will fully retire on his 72ndbirthday. Assuming that Arjun can earn 7.8% p.a. on all moneyinvested in his retirement account, what annual amount, starting onhis 34th birthday, will Arjun have to save in order to have$2,500,000 in his account on his 72nd birthday? How to calculatethis on TI BA II Plus calculator?