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Sarah Smith has saved $273000 for her retirement. It is invested in an annuity that pays 12%. Sarah wishes to make equal semi-annual withdrawals
Sarah Smith has saved $273000 for her retirement. It is invested in an annuity that pays 12%. Sarah wishes to make equal semi-annual withdrawals over the next 10 years, beginning 6 months from now. How much can she withdraw each period without exhausting her initial investment? PV Annuity due 12% PV Annuity due 6% PV Ordinary annuity 12% PV Ordinary annuity 6% Time periods Factor 10 20 10 20 6.32825 12.15812 5.65022 11.46992
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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
