Home / Questions / It is your birthday and you are turning 22 years old and plan to retire at age 57. You wou
It is your birthday and you are turning 22 years old and plan to retire at age 57. You would like to receive $35,000 per month at the beginning of each month during retirement, and you plan to be retired until age 85. You also would like to pay for your daughter's wild wedding, crazy reception, and honeymoon on your birthday at age 43 costing $250,000. If you have $8,000 today to start your investment account, and you can earn 5% APR compounded monthly, how much do you need to deposit at the end of each month until your retirement age to reach all of your financial goals? Im using a TI-83 calculator and need to know the various inputs to use such as N, I, PV, PMT, and FV for each stage of the problem.
Dec 04 2019 View more View Less
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