Question
You would like to have enough money saved to receive a $75,000 per year perpetuity after retirement. How much would you need to have saved
You would like to have enough money saved to receive a $75,000 per year perpetuity after retirement. How much would you need to have saved in your retirement fund to achieve this goal? (Assume that the perpetuity payments start on the day of your retirement. The annual interest rate is 12 percent.)
| $1,000,000 | ||
| $675,000 | ||
| $625,000 | ||
| $700,000 |
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Collectible Investments For The High Net Worth Investor
Authors: Stephen Satchell
1st Edition
0123745225,0080923054
