Bill Shaffer - Future or Present Value
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Bill Shaffer wishes to have $200,000 in a retirement fund 20 years from now. He can create the retirement fund by making a single lump sum deposit today. If upon retirement in 20 years Bill plans to invest the $200,000 in a fund that earns 11 percent, what is the maximum annual withdrawal he can make over the following 15 years?
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Bill Shaffer wishes to have $200,000 in a retirement fund 20 years from now. He can crate the retirement fund by making a single lump sum ...
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