Question
A family needs $1.250,000 in order to retire early. The present value of their portfolio is $265,234 and they realize an average of 8.75% growth
A family needs $1.250,000 in order to retire early. The present value of their portfolio is $265,234 and they realize an average of 8.75% growth annually. How much do they need to invest monthly if they want to retire in 10 years? Assume interest is compounded monthly.
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
