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How many years will it take to deplete an account

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Reference no: EM132484390

Question 1: An investor has a principal amount of $P. If he desires a payout (return) of 0.1P each year, how many years will it take to deplete an account that earns 8% per year?

0.1P= P (A/P, 8%, N), so N = 21 years.

  • A payout duration table can be constructed for select payout percentages and compound interest rates. Complete the following table. (Note: Table entries are years.) Summarize your conclusions about the pattern observed in the table.

Interest Rate per Year

4% 6% 8% 10% 10% 20.9

Payout per Year 20%

(% of principal) 30%

Reference no: EM132484390

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