Examlex

Solved

What Amount of Money Will Kevin Need to Have in 20

question 65

Multiple Choice

What amount of money will Kevin need to have in 20 years when he retires if his goal is to purchase an ordinary annuity of $1,000 per month for 30 years after he retires? Assume that after he retires the interest rate will be 7.2% compounded monthly.


Definitions:

Related Questions