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An individual has $500,000 in assets at the time of retirement, yearly distributions increase by 4%, assets will earn 8% annually and they plan their
An individual has $500,000 in assets at the time of retirement, yearly distributions increase by 4%, assets will earn 8% annually and they plan their retired life to be 20 years. Using the capital preservation method what is the amount withdrawn at the beginning of the first year of retirement?
A. 35947 B. 18519 C. 42659 D. 19517
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Mathematical Finance Core Theory Problems And Statistical Algorithms
Authors: Nikolai Dokuchaev
1st Edition
0415414482, 978-0415414487
