This money is expected to provide you a monthly income in


You estimate you will retire in 30 years and your goal is that you will have saved up $750,000 by making annual contributions to your retirement fund in the amount of $5,000. This money is expected to provide you a monthly income in the amount of $6,000 for 25 years. How much interest did you earn during the accumulation stage and how much interest will you earn during the retirement stage?

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Finance Basics: This money is expected to provide you a monthly income in
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