You want to retire soon. When you finally retire, you want your investments to provide you with an income of $150,00 each year for the next 40 years. If the annual interest rate guaranteed to be 6...


You want to retire soon. When you finally retire, you want your investments to provide you with an income of $150,00 each year for the next 40 years. If the annual interest rate guaranteed to be 6 percent or higher, what is the present value of that stream of payments (or how much of a deposit do you need in order to get that payment amount per year)?



Jun 09, 2022
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