Becky Scholes has $150,000 to invest. She wants to be able to withdraw $12,500 every year forever

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Becky Scholes has $150,000 to invest. She wants to be able to withdraw $12,500 every year forever without using up any of her principal. What interest rate would her investment have to earn in order for her to be able to so?rn

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Jan 08, 2021 11:01 AM

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Becky Scholes has $150,000 to invest. She wants to be able to withdraw $12,500 every year forever

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Annual withdrawal 12500 initial ... View the full answer

Practical financial management

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