Question
You want to retire in 30 years from today, and make 20 withdrawals during your retirement life. Each withdrawal is set to be $90,000. You
You want to retire in 30 years from today, and make 20 withdrawals during your retirement life. Each withdrawal is set to be $90,000. You adviser suggests using 8% interest rate for your calculation. If you just inherited a large sum of money and want to make one lump sum deposit today to cover your retirement needs. What amount do you need to deposit today?
Question 6 options:
|
| 87,813 |
|
| There is not enough information to calculate the amount that you have to deposit in the scenario described. |
|
| 873,633 |
|
| 86,813 |
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Take Action For Performance Under Pressure How To Handle Stress And Succeed
Authors: Arnulfo Wedige
1st Edition
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