Suppose you have $4,000,000 when you retire and want to withdraw an equal amount each year for the next 35 years. How much can you withdraw each year if you earn 8% and 12%?
Suppose you have $4,000,000 when you retire and want to withdraw an equal amount each year for the next 35 years. How much can you withdraw each year if you earn 8% and 12%?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 10E
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Suppose you have $4,000,000 when you retire and want to withdraw an equal amount each year for the next 35 years.
How much can you withdraw each year if you earn 8% and 12%?
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