To supplement your retirement in exactly 35 years, you estimate that you need to accumulate $250,000 by your retirement
Posted: Wed Apr 06, 2022 9:10 am
To supplement your retirement in exactly 35 years, you estimate that you need to accumulate $250,000 by your retirement date. You plan to make equal deposits at the end of each of those 35 years into a mutual fund that promises you 10% compounded annually. Determine the amount of the annual deposits.