M3A1 MATH FOR MATH GURU
I am currently 44yrs old and I’m hoping to retire at the age of 55 if I’m lucky. Currently I have about 10 years left until retirement, After retirement adding in all my retirement pay and disability pay I don’t see myself taking more than 3 to 4 thousand from my retirement savings each year. In order to be able to do this without depleting my principle I would have to make a deposit of $794.79 each month for the next ten years.
9 (Total balance)
A= 114,000 (Total balance)
APR= 0.035
N= 12(months)
y= 10(years)