Homework Help: BUSINESS FINANCE

Posted by Ashley on Monday, March 22, 2010 at 4:10pm.

John Smith wants $80,000 per year in his retirement. He plans to be in retirement for 30 years. He has 25 years to work. Assume an interest rate of 7% for the next 55 years. How much does he need to deposit at the end each year while he is working in order to have saved enough for retirement?

BUSINESS FINANCE - Ashley, Monday, March 22, 2010 at 4:34pm
Its on Time of Vaule

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