Question
Derek decides that he needs $132,685.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $132685.0 on each birthday from
Derek decides that he needs $132,685.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $132685.0 on each birthday from his 66th to his 88.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 7.00%
Answer format: Currency: Round to: 2 decimal places
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
