Assume that 25 years ago your dad invested$200,000, plus $25,000 in years 2 through 5, and$40,000 per
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume that 25 years ago your dad invested$200,000, plus $25,000 in years 2 through 5, and$40,000 per year from year 6 on ward. At a verygood interest rate of 12% per year, determine (a) theCC value, and (b) the annual retirement amount thathe can withdraw forever starting next year (year 26),if no additional investments are made.
Posted Date: