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Author Question: You inherit 300,000 from your parents and want to use the money to supplement your retirement. You ... (Read 61 times)

casperchen82

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on: Jul 11, 2018
You inherit 300,000 from your parents and want to use the money to supplement your retirement.
  You receive the money on your 65th birthday, the day you retire. You want to withdraw equal
  amounts at the end of each of the next 20 years.
 
  What constant amount can you withdraw each
  month and have nothing remaining at the end of 20 years if you are earning 7 interest
  compounded monthly?
  A) 2,326 B) 1,200 C) 2,943 D) 1,829

Question 2

The rate of return available on the next best investment alternative for the saver refers to the
  opportunity cost of funds.
 
  Indicate whether the statement is true or false
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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fur

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Reply #1 on: Jul 11, 2018
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.
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casperchen82

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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