This topic contains a solution. Click here to go to the answer

Author Question: Your father now has $1,500,000 invested in an account that pays8%. He expects inflation to ... (Read 50 times)

C0DxHalo

  • Full Member
  • ***
  • Posts: 144
Your father now has $1,500,000 invested in an account that pays8%. He expects inflation to average2.70%, and he wants to make annual constant dollar (real) beginning-of-year withdrawals over each of the next30years and end up with a zero balance after the30thyear. How large will his initial withdrawal (and thus constant dollar [real] withdrawals) be?

$83,525.60


$86,301.47


$94,494.88


$95,220.17



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by C0DxHalo on Aug 7, 2023

swagmaster69

  • Full Member
  • ***
  • Posts: 157
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly




C0DxHalo

  • Member
  • Posts: 144
Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)


momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library