Let's say you are going to retire at age 65. You will begin collecting checks from an
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Let's say you are going to retire at age 65. You will begin collecting checks from an annuity investment you made when you were 21. You will collect checks in the amount of $4,153.89 on your 65th birthday and every birthday until you are into your nineties...assume 36 annual checks in total. Assuming a discount rate of 6%, what is this retirement fund worth as of your 40th birthday?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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