future value annuity due plus initial.wmv
Posted by MarkSep 9
Torah has 5000 currently saved in her retirement account and wants to retire in 2 years from today with 0000 in that account. She plans to save 00 per month for 2 years with her first monthly contribution to her retirement account made later today and her last monthly contribution to her account made in 1 year and 11 months from today. What monthly rate of return does Torah need to earn in order to meet her retirement goal of retiring in 2 years with 0000 in her retirement account? Assume the 5000 currently saved does not include the 00 payment that she will make later today.
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