Question
How much must you have saved if the account earns 16% annually if you plan to withdraw $5000 per year for the next 20 years
How much must you have saved if the account earns 16% annually if you plan to withdraw $5000 per year for the next 20 years when there is nothing left?
| $97,303.80 | ||
| None of the above | ||
| $29,644.20 | ||
| $576,918.19 | ||
| $576,898.73 |
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
