Question
How much do you have to deposit today in order to allow 5 annual withdrawals, beginning at the end of year 8, with the first
How much do you have to deposit today in order to allow 5 annual withdrawals, beginning at the end of year 8, with the first withdrawal of $1000 with subsequent withdrawals decrease at the rate of 5% over previous years withdrawal? The interest rate is 10%.
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Handbook Of Financial Risk Management
Authors: Thierry Roncalli
1st Edition
1138501875, 978-1138501874
