Estimate the montly deposite, Financial Management

Mr. Moore will be 35 years at the end of the month and he wishes to retire in 25 years. He plans to invest in a mutual fund earning 7.5 percent annual return compounded monthly and have a $1.5 million retirement fund at age 60. How much must be deposited at the end of each month to achieve his goal?

 

Posted Date: 3/21/2013 1:59:23 AM | Location : United States







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