Question
An engineer planning for retirement decides that she wants to have income of $100,000 peryear for 20 years with the first withdrawal beginning 30 years
An engineer planning for retirement decides that she wants to have income of $100,000 peryear for 20 years with the first withdrawal beginning 30 years from now. If her retirement account earns interest at 8% per year, the annual amount she would have to deposit for 29 years beginning 1 year from now is closest to: a. $7360
b. $8125
c. $8670
d. $9445
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
