You have decided that when you retire in 20 years time,you will require a self-funded pension of $2500 per month for 25 years.In order to fund that pension how much per month will you need to save for the next 20 years at an interest rate of 6% per annum compounded monthly?

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The Answer of You have decided that when you retire in 20 years time,you will require a self-funded pension of $2500 per month for 25 years.In order to fund that pension how much per month will you need to save for the next 20 years at an interest rate of 6% per annum compounded monthly?

You Have Decided That When You Retire in 20 Years