Question
You saved $15,000 each year starting at t=1 and going on until t=35. If your savings earn 9% per year over your working and retired
You saved $15,000 each year starting at t=1 and going on until t=35. If your savings earn 9% per year over your working and retired life, how much would you have when you retire at t=35?
If you withdraw $100,000 every year starting at t=36, how long will your savings last?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
