Question
You plan to work for 37 years and then retire using a 25-year annuity. You want to arrange a retirement income of $6,000 per month.
You plan to work for 37 years and then retire using a 25-year annuity. You want to arrange a retirement income of $6,000 per month. The money will be invested in an account with an APR of 8% compounded monthly. How much money will you withdraw from this account over the life of this 25-year annuity?
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Beyond Bitcoin Economics Of Digital Currencies And Blockchain Technologies
Authors: Hanna Halaburda, Miklos Sarvary, Guillaume Haeringer
2nd Edition
3030889300,3030889319
