Question
You want to be able to withdraw $5,000 per month out of your retirement account for 25 years. The retirement account earns 7% interest. a.
You want to be able to withdraw $5,000 per month out of your retirement account for 25 years. The retirement account earns 7% interest.
a. How much will you need in your account at the beginning? b. How much total money will you pull out of the account
b. how much total money will you pull out of the account
c. how much of that money is interest
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
