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    NCOIC's Avatar
    NCOIC Posts: 1, Reputation: 1
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    #1

    Sep 18, 2010, 02:33 PM
    Chapter 5: Suppose that you plan to retire 35 years from now and want to receive a $5
    Suppose that you plan to retire 35 years from now and want to receive a $5,000 retirement income per month after you retire. The return on your investment is 6% per year. How much do you have to save per month to meet your retirement goal until you retire? Assume that all your deposits and incomes are made at the end of each month and your life expectancy after your retirement is 20 years. If you receive a $5,000 perpetuity monthly income after you retire, how does your answer change?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Sep 18, 2010, 02:43 PM

    Thank you for taking the time to cut and paste your homework to our site. We do not do home work for students,
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Sep 18, 2010, 08:45 PM

    We don't do homework for you, but we will help you if you will follow our guidelines for posting it:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
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