How large a mortgage can you get if you can afford payments of $24,000 per year for

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How large a mortgage can you get if you can afford payments of $24,000 per year for the next 30 years and the interest rate is 3.5%?

At retirement you have $750,000 in your savings account.

You intend to withdraw $65,000 per year.

What interest rate must you earn to make your money last for the next 30 years?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Sep 29, 2022 01:24 AM

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Microeconomics An Intuitive Approach with Calculus

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