Question
How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to
How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $100,000 per year forever, beginning 28 years from now? Assume the account earns interest at 12% per year.
The amount to be deposited is determined to be______ $ .
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
