Question
Upon his retirement, Charles wants to be able to withdraw $22 000 at the end of each year for 19 years. Assume that money can
Upon his retirement, Charles wants to be able to withdraw $22 000 at the end of each year for 19 years. Assume that money can be deposited at 8% per year compounded annually. What exact amount will Charles need at the start of his retirement to fund this ordinary annuity?
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The Complete Guide To Operational Auditing 1995 Supplement
Authors: Harry R. Reider
1st Edition
0471102547, 978-0471102540
