Question
You wish to retire in 30 years time and draw an annual income of $25,000 at the end of each year for a period of
You wish to retire in 30 years time and draw an annual income of $25,000 at the end of each year for a period of 25 years. How much money will you need to invest now (to the nearest dollar) if you can earn 8% on your investments. Group of answer choices
A. $11,787
B. $118,609
C.$26,521
D.$266,869
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
