Question
How much needs to be invested today if your goal is to be able to: * withdraw $30,000 for each of the next nine years
How much needs to be invested today if your goal is to be able to:
* withdraw $30,000 for each of the next nine years beginning one year from today * and withdraw $150,000 ten years from today? The return on the investment is expected to be 6%. Expect slight rounding in the answer. A. $ 204,051 B. $ 287,810 C. $ 234,528 D. $ 396,225
E. $ 354,051
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
