Question
Formula question You have just retired with savings of $1.5 million. if you expect to live for 30 years and to earn 8% a year
Formula question
You have just retired with savings of $1.5 million. if you expect to live for 30 years and to earn 8% a year on your savings, how much can you afford to spend each year? Assume that you spend the money at the start of the year.
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
7th Edition
1473778913, 978-1473778917
