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Assume a 29 year old investor wants to retire in 31 years at the age of 60.He expects to earn a rate of return of
Assume a 29 year old investor wants to retire in 31 years at the age of 60.He expects to earn a rate of return of 12.5% on her investments prior to her retirement and 6% thereafter. How much must he deposit at the end of each year for the next 25 years in order to be able to withdraw Rs 100000 per year at the beginning of each year for 30 years from age 60 to 90. |
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