SOLUTION: 35 year lady planning for her retirement. She wants to set aside an equal amount at the end of each of the next 25 years. She likes withdraw Rs.50, 000 per year from her 61to 80 ye
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Question 989776: 35 year lady planning for her retirement. She wants to set aside an equal amount at the end of each of the next 25 years. She likes withdraw Rs.50, 000 per year from her 61to 80 years. she expected to earn 10% per year for the entire period of time. Determine the size of annual deposits that she must make.
You can put this solution on YOUR website! Let = her annual deposit is the amount she earns each year
from the eposit
From age 35 to age 60 is yrs is her income for 25 yrs
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Age 61 to age 80 is 20 yrs is the total of her withdrawals is her annual deposit
Hope I got it -you should get a 2nd opinion on this, too
