Question
You're grandfather has asked you to help him determine how much money he can take out of his retirement fund and NOT run out of
You're grandfather has asked you to help him determine how much money he can take out of his retirement fund and NOT run out of money. If he currently has $500,000 and plans on needing the money for 25 years, how much can he take from the fund annually to meet his goals if he can earn 5%?
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
