Question
When you retire you expect to live for another 30 years. During those 30 years you want to be able to withdraw $4000 at the
When you retire you expect to live for another 30 years. During those 30 years you want to be able to withdraw $4000 at the beginning of every month for living expenses. How much money do you have to have in your retirement account to make this happen. Assume that you can earn 8% on your investments.
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
