Question
You have accumulated some money for your retirement. You are going to withdraw $87,593 every year at the end of the year for the next
You have accumulated some money for your retirement. You are going to withdraw $87,593 every year at the end of the year for the next 29 years. How much money have you accumulated for your retirement? Your account pays you 11.91 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
