How many years will his million ringgit last him

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Question - Andrew won RM 1 million in a recent lucky draw. He has decided to stop working and enjoy his winnings. Andrew decided to put his winnings into an investment vehicle which gives him an adjusted rate of return of 5%. If Andrew needs RM 75000 a year to support his living, how many years will his million ringgit last him?

Reference no: EM133049989

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