Question
Maria wants to be able yo have yearly withdrawals of $25,000 from her retirement account for a period of 30 years starting a year after
Maria wants to be able yo have yearly withdrawals of $25,000 from her retirement account for a period of 30 years starting a year after she turns 65. if she is able to earn yearly. rate return of 7% in her retirement account during the 30 years of her retirement, what must be the approxiamyr balance in her account on her 54th birthday?
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
