This paper concentrates on the primary theme of Topic: Retirement Investing: Company Deposit, Retirement Period in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.
Topic: Retirement Investing: Company Deposit, Retirement Period
Instructions:
The company you work for will deposit $150 at the end of each month into your retirement fund. Interest is compounded monthly. You plan to retire 25 years from now and estimate that you will need to withdraw $2,000 per month during retirement, which will last 30 years. If the account pays 12% compounded monthly, how much do you need to put into the account each month, in addition to your company`s deposit, in order to meet your retirement needs? Show all work. Explain in a written portion.
Content:
Retirement Investing
Name
Institution
Retirement Investing
Company deposit = $150
Retirement period = 25 years from now
Withdrawal at the retirement = $ 2000 per month
Total period of retirement payments = 30 years
...
