Description of this paper

Your father has $500,000 and wants to retire. He expects

Description

solution


Question

Your father has $500,000 and wants to retire. He expects to live for another 20 years, and he also expects to earn 8% on his invested funds. How much could he withdraw at the beginning of each of the next 20 years and end up with zero in the account?

 

Paper#27261 | Written in 18-Jul-2015

Price : $32
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