Question
Assume that 25 years ago your dad invested $300,000, plus $36,000 in years 2 through 5, and $48,000 per year from year 6 on. Determine
Assume that 25 years ago your dad invested $300,000, plus $36,000 in years 2 through 5, and $48,000 per year from year 6 on.
Determine the annual retirement amount that he can withdraw forever starting next year (year 26), if the $48,000 annuity stopped at year 25. The interest rate being 11% per year.
The annual retirement amount is determined to be $
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The Foundations Of Business Analysis
Authors: M Douglas Berg
1st Edition
1465222030, 9781465222039
