Ted has a nest egg of 1,000,000 in liquid assets and will be in retirement for 30 years. Using 5.5% how much can he spend a month to keep his nest egg intact, and how much a month to make his nest egg go to zero?
Ted has a nest egg of 1,000,000 in liquid assets and will be in retirement for 30 years. Using 5.5% how much can he spend a month to keep his nest egg intact, and how much a month to make his nest egg go to zero?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Ted has a nest egg of 1,000,000 in liquid assets and will be in retirement for 30 years. Using 5.5% how much can he spend a month to keep his nest egg intact, and how much a month to make his nest egg go to zero?
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