Question
In planning for your retirement, you would like to withdraw $40,000 per year for 15 years. The first withdrawal will occur 20 years from today.
In planning for your retirement, you would like to withdraw $40,000 per year for 15 years. The first withdrawal will occur 20 years from today.
a. What amount must you invest today if your return is 10% per year?
b. What amount must you invest today if your return is 15% per year?
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
