Question
TVM/ Retirement An investor is 25 years old and has $10,000 in a brokerage account. He invests $5,000/ year while working until age 65. From
- TVM/ Retirement
An investor is 25 years old and has $10,000 in a brokerage account. He invests $5,000/ year while working until age 65. From age 65 to 85 he is retired and wishes to withdraw $50,000/ year. While in retirement the expected ROI is 8%. How much ROI (yield) must he earn annually from age 25 to 65?
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
