Question
Ashley wants to start her retirement, knowing her account will earn 7.00% APR interest. She decides to withdraw $980.00 at the beginning of each week
Ashley wants to start her retirement, knowing her account will earn 7.00% APR interest. She decides to withdraw $980.00 at the beginning of each week when she retires. Ashley wants to do this for 28 years and would like to have $140,000 left to continue to live on. How much does Ashley need to retire?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
