Determine how much you will have to save each month at $3$, $6$, $9$, and $12$ percent compounded monthly for you to accumulate a nest egg for retirement. The variables are current age, age of retirement, nest egg size, and interest rate. Show all work and cite as appropriate.
C = current age A = Age of retirement R = interest rate N = nest egg size P = Cash flow per period T = Time $N=P(1+\frac{.03}{12})^{12}(55-24)$
$\$6583.33$ per month at $3$ percent
can someone please tell me if i did this right and my answer is accurate or not?