Interest rate = 3% pa Duration = 21 years Expected amount = 24000 Month interest rate =3/100*12 =1.002 Therefore 1.0025252 1.87613-1 =0.87613 2000/0.87613 = $2,283/ Month Note: 2000 has been derived from the previous arithmetic It is clear to note that when I delay the retirement saving plan by duration […]