Question
Becky Scholes has 152,853 to invest. She wants to be able to withdraw 12,856 every year forever without using up any of her principal. What
Becky Scholes has 152,853 to invest. She wants to be able to withdraw 12,856 every year forever without using up any of her principal. What interest rate would her investment have to earn in order for her to be able to do so? Round to 3 decimal places represent percent as a decimal.
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Inside Private Equity
Authors: James M. Kocis, James C. Bachman IV, Austin M. Long III, Craig J. Nickels
1st Edition
0470421894, 978-0470421895
