A systems engineer who invested wisely can retire now because she has $2,000,000 in her self-directed retirement

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A systems engineer who invested wisely can retire now because she has $2,000,000 in her self-directed retirement account. Determine how many years she can withdraw

(a) $100,000 per year, or

(b) $150,000 per year (beginning 1 year from now) provided her account earns at a rate of 5% per year.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 05:46 AM

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A systems engineer who invested wisely can retire now because she has $2,000,000 in her self-directed retirement

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a 2000000 100000PA5n PA5n 20000 From 5 table n is 100 years In fact at 5 per year her account e...View the full answer

Engineering Economy

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