Question
The present age of Executive is 50 Years, he will retire at the age of 60 and expect to have age of 75 years Assuming
| The present age of Executive is 50 Years, he will retire at the age of 60 and expect to have age of 75 years | |
| Assuming 12.5% rate of return, calculate the amount he must have available at age of 60 years in order to receive 20,000 monthly (at end of each month) from retirement until death | |
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| Once you determine the amount Executive should have at the age of 60, | |
| Please advise him that how much he should start accumulating per year in annuity account per year at the rate of 10%, so that he will have that amount at the age of 60 | |
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Project Financing Analyzing And Structuring Projects
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811232393, 9789811232398
