Question
Our clients saved $2,500,000 for retirement. They wish to withdraw $20,000 from the fund each month for expenses. How long will their retirement savings last
Our clients saved $2,500,000 for retirement. They wish to withdraw $20,000 from the fund each month for expenses. How long will their retirement savings last if the fund is earning 3% APR compounded monthly?
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
