Assume that 25 years ago your dad invested $200,000, plus $25,000 in years 2 through 5, and
Question:
Assume that 25 years ago your dad invested $200,000, plus $25,000 in years 2 through 5, and $40,000 per year from year 6 on ward. At a very good interest rate of 12% per year, determine
(a) The CC value,
(b) The annual retirement amount that he can withdraw forever starting next year (year 26), if no additional investments are made.
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a CC 200000 25000PA124PF121 40000012PF125 200000 250003037...View the full answer
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