Description of this paper

How much will you have to have in "the bank" at retirement if you want

Description

solution


Question

How much will you have to have in "the bank" at retirement if you want to withdraw $72,000 per year over 40 years of retirement, assuming the balance is earning 5% per year (compounded annually)? (please see annuities when they exist)

 

Paper#29868 | Written in 18-Jul-2015

Price : $37
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