Compute how much money you need to invest each month in order to be able to have enough money at retirement in 40 years to have retirement income of 3500 per month for u+28 months if you can earn 6.22% per year?  U=12

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...
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Compute how much money you need to invest each month in order to be able to have enough money at retirement in 40 years to have retirement income of 3500 per month for u+28 months if you can earn 6.22% per year? 

U=12

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