You can retire at age 62 and receive $8,000 per year or retire at age 65 and
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You can retire at age 62 and receive $8,000 per year or retire at age 65 and receive $10,000 per year. What is the difference (in today’s dollars) between these two choices as you vary the annual rate at which you discount cash flows between 2 percent and 10 percent and vary the age of death between 70 and 84?
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To calculate the present value of each option at different discount rates and ages of death we can u...View the full answer
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Related Book For 
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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