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Derek decides that he needs $119,817.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $119817.0 on each birthday from
Derek decides that he needs $119,817.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $119817.0 on each birthday from his 66th to his 89.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 9.00%. Currency: Round to: 2 decimal
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
