Retirement Annuity Fund Retirement Annuity.?
Retirement annuity.? - retirement annuity fund
Pension. When she 30 years old, began to Sue annual deposits of $ 2,000 in a pension fund to make annual interest of 8% steady pay. Under the assumption that their deposits made as a steady stream of income, how much money will be, in your account when you retire at age 55 in retirement?
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2 comments:
If it is equal to $ 2,000 per year from the age of 30 to 55 years, the money at the end of 55 years, the sum of all entries were
Total length of the facility is 26 years
so that the entire
2000 * (1 0080) ^ 26 + 2000 * (1 0080) ^ 25 + 2000 * (1 0080) ^ 24 + 2000 * (1 0080) ^ 23 + ...... + 2000 * (1 +0.080) ^ 1
= 159,908
If it is equal to $ 2,000 per year from the age of 30 to 55 years, the money at the end of 55 years, the sum of all entries were
Total length of the facility is 26 years
so that the entire
2000 * (1 0080) ^ 26 + 2000 * (1 0080) ^ 25 + 2000 * (1 0080) ^ 24 + 2000 * (1 0080) ^ 23 + ...... + 2000 * (1 +0.080) ^ 1
= 159,908
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