Business Math Lesson 14: Back-to-back Annuities, part 1
Channel: Amy Goldlist
Date: 27/05/2021

You plan to retire in 21 years.  You will need 25 annual payments of $30,000 with the first payment to be received in 21 years.  Interest is calculated at 10% effective.

(a)   How much money should you set aside today for your retirement?