Question
Eleven years from now you would like to withdraw $20,000 a year for a period of 5 years (periods 11 through 15) plus the additional
Eleven years from now you would like to withdraw $20,000 a year for a period of 5 years (periods 11 through 15) plus the additional amount of $30,000 in year 15. Assuming a growth rate of 8.00%, what amount must you deposit today to make these future withdrawals a reality?
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The Handbook Of Credit Risk Management
Authors: Sylvain Bouteille, Diane Coogan-Pushner
2nd Edition
1119835631, 978-1119835639
