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 $90,000 per year forever, beginning 32 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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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
