Question
Your uncle has $1,135,000 and wants to retire. He expects to live for another 40 years and to earn 7.5% on his invested funds. How
Your uncle has $1,135,000 and wants to retire. He expects to live for another 40 years and to earn 7.5% on his invested funds. How much could he withdraw at the end of each of the next 30 years and end up with zero in the account?
| 1. | $101,821.61 | |
| 2. | $90,119.36 | |
| 3. | $120,149.50 | |
| 4. | $98,766.96 | |
| 5. | $96,101.85 |
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
