If you receive an inheritance of $10,000 today, how long do you have to invest it at

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If you receive an inheritance of $10,000 today, how long do you have to invest it at 8% per year to be able to withdraw $2,000 every year forever? Assume the 8% per year is a return that you can depend on forever.

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Jan 29, 2019 12:00 AM

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If you receive an inheritance of $10,000 today, how long do you have to invest it at

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A Annuity 2000 P Principal amount 10000 i Rat... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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