Question
Charles wants to retire in 17 years. At that time he wants to be able to withdraw $22,000 at the end of each year for
Charles wants to retire in 17 years. At that time he wants to be able to withdraw $22,000 at the end of each year for 18 years. Assume that money can be deposited at 4% per year compounded annually. What exact amount will Charles need in 17 years?
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
