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2. You made it! Your 50 years old and have a million dollars. You decide to retire and live off $70,000 a year. You have gotten conservative now that you are retired and can only get 5% return on your money? You plan to take annual distributions. How long will your money last to the nearest decimal (ex 11.1)? 2. You made it! Your 50 years old and have a million dollars. You decide to retire and live off $70,000 a year. You have gotten conservative now that you are retired and can only get 5% return on your money? You plan to take annual distributions. How long will your money last to the nearest decimal (ex 11.1)?
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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