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    jrdavis30's Avatar
    jrdavis30 Posts: 2, Reputation: 1
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    #1

    Aug 25, 2009, 11:25 AM
    Retirement /monthly payments
    Mr. Wise is retiring in 25 years. He would like to accumulate $1,000,000 for his retirement fund by then. He plans make equal monthly payments to achieve his goal. If the rate of return on the retirement fund is 12%, what will his monthly payments be?
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    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Aug 25, 2009, 11:34 AM

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