Business, 22.02.2020 05:43, kaidencearley

P26-29A Using the time value of money You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw $215,000 per year for the next 40 years (based on family history, you think you will live to age 80). You plan to save by making 10 equal annual installments (from age 30 to age 40) into a fairly risky investment fund that you expect will earn 10% per year. You will leave the money in this fund until it is completely depleted when you are 80 years old. Requirements 1. How much money must you accumulate by retirement to make your plan work

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P26-29A Using the time value of money You are planning for a very early retirement. You would like t...