Question

You plan to retire in 30 years and want to accumulate enough by then to have $30000 per year for 15 years. What is the nominal value of the amount you need to save during your first year ? And with is it your 30th year

Answer 1

the plan to retire in 30 years and want to accumulate enough by then to have $30000 per year for 15 years. the nominal value of the amount you need to save during your first year is $ 24570 And with is it your 30th year is $ 13580