Assume you will retire in 40 years and live 20 more years after that. Your...
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Assume you will retire in 40 years and live 20 more years after that. Your annual spending requirements (during retirement) will be $90,000 per year at the end of each year. If the appropriate interest rate is 10%, how much must you invest today to fund your retirement?
Assume you will retire in 40 years and live 20 more years after that. Your annual spending requirements (during retirement) will be $90,000 per year at the end of each year. If the appropriate interest rate is 10%, how much must you invest today to fund your retirement?
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