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You have decided to retire and live off of the interest. The bank is offering a guaranteed 4% return per year and you would like

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You have decided to retire and live off of the interest. The bank is offering a guaranteed 4% return per year and you would like to be able to withdraw $100,000 per year in perpetuity. a. How much do you need to have today to make this happen? b. What is the value today of the perpetuity of cash flows? c. What is the value in 100 years of the perpetuity of cash flows

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