Question
A person invests $50,000 in an investment that earns 6 percent. If $6000 is withdrawn each year, how many years will it take for the
A person invests $50,000 in an investment that earns 6 percent. If $6000 is withdrawn each year, how many years will it take for the fund to run out?
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Step: 1
Given PV present value the amount invested 50000 P withdraw per year 6000 r inves...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
