Explain the financial calculator inputs. Rosie wants to retire in 30 years. At retirement, she wants to
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Explain the financial calculator inputs.
Rosie wants to retire in 30 years. At retirement, she wants to be able to withdraw $100,000 at the end of each year forever (she plans on establishing a scholarship fund at her local university after her death). Assuming that her investments can earn 10% compounded semi-annually before her retirement and only 5% compounded annually after her retirement (retired people and universities are very conservative investors), how much must Rosie invest each year for the next 30 years, if she starts today?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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