if you had $ 100,000 hat was invested at 7% and you wanted o withdraw $10,000 at the end of each year, how long would your funds last? how long will they last if you earned 0% how long would they last if you earned the 7% but limited your withdrawals to $7,000 per year

if you had $ 100,000 hat was invested at 7% and you wanted o withdraw $10,000 at the end of each year, how long would your funds last? how long will they last if you earned 0% how long would they last if you earned the 7% but limited your withdrawals to $7,000 per year

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 19E

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if you had $ 100,000 hat was invested at 7% and you wanted o withdraw $10,000 at the end of each year, how long would your funds last?

how long will they last if you earned 0%

how long would they last if you earned the 7% but limited your withdrawals to $7,000 per year

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