I'm 35 years old and currently, I have $50,000 in my account
(capital).
At age 55 years old, which is 20 years from now, I need to have at
least $256,500 in my account.
How much amount do I need to contribute/invest yearly in my account for 20 years until I reached 55 years old if the bank compounded 4% annually?
Please provide the calculation, cash flow diagrams and the
tables as well <3
Thanks
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