Decide to open an investment account for retiring

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At the age of 20, you decide to open an investment account for retiring. You plan to retire at 50. How much will you have paid into the account monthly to accumulate enough funds to withdraw 9000 per quarter for the following 20yrs. till your 70. all payments in and out of account are end of period payments. APR for first 30yrs is deposits. is 4% and compounded monthly, and 6% for the following 20yrs withdraws and is compounded monthly. Show all work

Reference no: EM13854207

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Decide to open an investment account for retiring : At the age of 20, you decide to open an investment account for retiring. You plan to retire at 50. How much will you have paid into the account monthly to accumulate enough funds to withdraw 9000 per quarter for the following 20yrs. till your 70. al..

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