Question
2. You want to be able to spend the current equivalent of $57,168 per year during your retirement that will start in 17 years, and
2. You want to be able to spend the current equivalent of $57,168 per year during your retirement that will start in 17 years, and go for 22 years.
You expect inflation to be 4% per year during your retirement.
How much would you have to invest in nominal terms in years 1 to 7, to fully pay for your retirement if your investments earn 8.44% APR (annual compounding)
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Contemporary Mathematics
Authors: OpenStax
1st Edition
9781711470559
