Question
You want to withdraw $X once a year at the end of each year starting 2 years from now and ending 6 years from now.
You want to withdraw $X once a year at the end of each year starting 2 years from now and ending 6 years from now. r=8%. You deposit $50,000 now. How much money can you withdraw each year 2-6? Hint. Reverse the steps of exercise #4.
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
