Real Annuities. A retiree wants level consumption in real terms over a 30-year retirement. If the inflation
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Real Annuities. A retiree wants level consumption in real terms over a 30-year retirement.
If the inflation rate equals the interest rate she earns on her $450,000 of savings, how much can she spend in real terms each year over the rest of her life?
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Authors: Richard Brealey, Stewart Myers, Alan Marcus
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