Retirement Savings Assignment | Homework For You

If you want to be able to spend $75,000 a year for 20 years, once you retire in 40 years, how much must you save each year until retirement to meet your retirement goal, if the interest rate is 6% per year?
A. $5,158.10
B. $5,358.30
C. $5,458.40
D. $5,558.50
E. None of the above. Get Finance homework help today