Question
You want to be able to withdraw $50,000 from your account each year for 25 years after you retire. You expect to retire in 20
You want to be able to withdraw $50,000 from your account each year for 25 years after you retire.
You expect to retire in 20 years.
If your account earns 5% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
