Question
Marie is planning to retire in 15 years at which time she hopes to have accumulated enough money to receive an annuity of $10,000 per
Marie is planning to retire in 15 years at which time she hopes to have accumulated enough money to receive an annuity of $10,000 per year for 30 years of retirement. During her pre-retirement years she expects to earn 7% annually and during retirement she expects to earn 9% annually on her money. How much should Marie contribute to her retirement fund annually in order to achieve her objective?
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The Oxford Handbook Of Pricing Management
Authors: Ozalp Ozer, Robert Phillips
1st Edition
0199543178, 978-0199543175
