What interest rate must you earn to have $500,000 in a savings account in 20 years if
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What interest rate must you earn to have $500,000 in a savings account in 20 years if you contribute $2,500 per year?
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
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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