Question
You are planning for your retirement in 20 years. At that time you want to have enough saved to be able to afford to spend
You are planning for your retirement in 20 years. At that time you want to have enough saved to be able to afford to spend $130,000 peryear (starting at time 21) for 25 years (if you live longer than 25 years your kids will have to support you).
How much will you need to have saved by time 20 if the expected interest rate from time 20 to 45 is 9 percent per year?
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
