Question
Mr. Rice who has $300 000 in his pension fund at the time of his retirement. The pension fund earns 7.00% interest of compounded annually.
Mr. Rice who has $300 000 in his pension fund at the time of his retirement. The pension fund earns 7.00% interest of compounded annually. Mr. Rice chooses to exhaust the fund in 15 years. How much are his annual payments if they start at the end of the year?
$32 938
$28 317
$43 012
$46 860
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
