Investment return, After having successfully run Quink Inc.

Investment return

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Reference no: EM13937255

After having successfully run Quink Inc. into the ground, Chuck Quink, its president, is about to retire. He realizes that at today's prices he needs about one million dollars a year to survive, but also believes that inflation will be about 8% per year for the remainder of his life with only a 5% investment return. If he expects to live another 35 years how much of a golden handshake should he be given to ensure that he can maintain the lifestyle to which he is used.

Reference no: EM13937255

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