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Problem 18-11 Dipping into Your Nest Egg [LO18-6] You have $40,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly.
Problem 18-11 Dipping into Your Nest Egg [LO18-6] You have $40,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. How many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? (Use Exhibit 18-16.) Withdrawal rate
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
