You have received an inheritance of $60,000 that you invested so that it earns 9 percent. If

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You have received an inheritance of $60,000 that you invested so that it earns 9 percent. If you withdraw $8000 annually to supplement your income, in how many years will the fund run out?

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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Question Posted: Jul 24, 2024 08:05 AM

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You have received an inheritance of $60,000 that you invested so that it earns 9 percent. If

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Personal Finance

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