Question
Al Vincent has decided to retire to Arizona in 12 years. What amount should Al invest today so that he will be able to withdraw
| Al Vincent has decided to retire to Arizona in 12 years. What amount should Al invest today so that he will be able to withdraw $32,000 at the end of each year for 17 years after he retires? Assume he can invest the money at 7% interest compounded annually. |
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
