Mathematics, 23.02.2021 22:30 howardc1433

Suppose you are 25 years old and would like to retire at age 60. Furthermore, you would like to have a retirement fund from which you can draw an income of $125,000 per year-forever! How much would you need
to deposit each month to do this? Assume a constant APR of 6% and that the compounding and payment
periods are the same.

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