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Twenty years ago, you invested $10,000 in AAPL at $5.00 per share (split adjusted). Today the stock is trading for $110 per share. You are

Twenty years ago, you invested $10,000 in AAPL at $5.00 per share (split adjusted). Today the stock is trading for $110 per share. You are now 50 and preparing to retire in ten years at age 60; assuming you need $7,000 per month starting the first month of retirement. You estimate that the $7,000 needs to increase by 3% annually until your life expectancy at age 90. The annuity will earn an annual rate of 6.0%; use as the discount rate until retirement as well.

What is the value of your AAPL position at retirement if it continues to grow until retirement in 10 yrs. at the rate it has over the prior 20 years of holding the position?

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