Question
How much must you deposit each year into your retirement account starting now andcontinuing through year 14if you want to be able to withdraw $95,000
How much must you deposit each year into your retirement account starting now andcontinuing through year 14if you want to be able to withdraw $95,000 per yearforever, beginning 32 years from now? Assume the account earns interest at10% per year.
The amount to be deposited is determined to be$.
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
