Question
Derek decides that he needs $140,908.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $140908.0 on each birthday from
Derek decides that he needs $140,908.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $140908.0 on each birthday from his 66th to his 87.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 8.00%. Please show work and round to 2 decimal places. Please take your time, this is the 3rd time I have asked a question like this
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Creating Financial Value A Guide For Senior Executives With No Finance Background
Authors: Malcolm Allitt
1st Edition
1472922719, 978-1472922717
