Question
I currently have $52,000 and want to make it last 12 years, I earn 6% interest per annum, how much can I withdraw each month
I currently have $52,000 and want to make it last 12 years, I earn 6% interest per annum, how much can I withdraw each month to make this last? please provide formula.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
