If you are 35, want to retire in 30 years and be able to withdraw $50,000.00 for

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If you are 35, want to retire in 30 years and be able to withdraw $50,000.00 for each year in retirement, and expect to live to age 85, how much do you need to invest at 9.5% each year(to the nearest dollar)(5 points)?

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Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Question Posted: Sep 19, 2013 05:14 AM

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If you are 35, want to retire in 30 years and be able to withdraw $50,000.00 for

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Computation of the following Given informatio...View the full answer

Contemporary Financial Management

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