Time Value of Money: Calculate the yearly annuity
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Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of $200,000, and his life expectancy is 16 more years. His pension fund manager assumes he can earn a 12 percent return on his assets.
What will be his yearly annunity for the next 16 years?
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Time Value of Money: Calculate the yearly annuity for Alex Bell's retirement plan
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Time Value of Money
Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of ...
Purchase this Solution
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