Question
Suppose that on your 21st birthday you are given a $1,000,000 trust fund. What interest rate must you earn to ensure that if you withdraw
Suppose that on your 21st birthday you are given a $1,000,000 trust fund. What interest rate must you earn to ensure that if you withdraw $25,000 per year there is money in the account forever?
| 2.50% | ||
| None of the above | ||
| 25% | ||
| 4% | ||
| 40% |
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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
