Question 470887
I want to retire in 30 years. If I save $7,000 per year until I retire, how much
 income will I receive every year after I retire for 15 years. Interest rate is
 4% per year which applies to the whole time horizon before and after retirement.
 Assume that all of my savings and invomes are made at the end of each year.
:
The formula for this is complicated, but using the financial feature on a TI83
:
Deposit $7000 yearly with 4% interest, for 30 yrs: $392,594.56
Payout of 15 yrs while still earning 4%: $19,606.60 per year