Mathematics, 16.06.2020 06:57 Betzabeth671
John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a saving account which pays him j12=6%. He also wishes to deposit $x every month into that account so that when he retires at 55, he can withdraw $2000 every month end to support his retirement. He expects to live up till 70 years. How much should he deposit every month into his account?
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