If Eugene had waited until he was 43 years old to start saving for retirement and then decided to put money into an ordinary annuity for 22 years earning 5% interest compounded monthly, what monthly payment would he have to make to accumulate the same amount for retirement as you found in the first part of the question?
Retirement amount =
Mathbot Says...
I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.