Question
What interest rate must you earn to have $500,000 in a savings account in 20 years if you contribute $2,500 per year? At retirement you
What interest rate must you earn to have $500,000 in a savings account in 20 years if you contribute $2,500 per year?
At retirement you have $750,000 in your savings account. You intend to withdraw $65,000 per year. What interest rate must you earn to make your money last for the next 30 years?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
