You earned $90,000 in the year that ended today at t=0. So far, you have saved nothing
You earned $90,000 in the year that ended today at t=0. So far, you have saved nothing. Starting with t=1, you plan to save 15% of your annual earnings. Your earnings are expected to increase at 7.5% per year for the next 30 years. You plan to retire at t=30. Assuming that the return that […]