Assume that 25 years ago your dad invested $200,000, plus $25,000 in years 2 through 5, and

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Assume that 25 years ago your dad invested $200,000, plus $25,000 in years 2 through 5, and $40,000 per year from year 6 on ward. At a very good interest rate of 12% per year, determine

(a) The CC value,

(b) The annual retirement amount that he can withdraw forever starting next year (year 26), if no additional investments are made.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 08:58 AM

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Assume that 25 years ago your dad invested $200,000, plus $25,000 in years 2 through 5, and

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a CC 200000 25000PA124PF121 40000012PF125 200000 250003037...View the full answer

Engineering Economy

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