Gerard has estimated that he will need enough money in his retirement fund to withdraw $75,000 per
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Gerard has estimated that he will need enough money in his retirement fund to withdraw $75,000 per year starting on his 66th birthday and for an additional 19 years thereafter. How much will Gerard need in his retirement account at age 65 if his fund is expected to earn a 9.5% annual return?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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