Question
Derek decides that he needs $171,993.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $171993.0 on each birthday from
Derek decides that he needs $171,993.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $171993.0 on each birthday from his 66th to his 85.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 9.00%
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
