Mix generated an arithmetic mean

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Between 1970 and 2006, inflation averaged 4.75% while a 6 mix generated an arithmetic mean 10.7% annual return. I withdrawals it would take 11 years to grow the endowment e 10% of expenses with a 3.5% payout rate. Achieving this at requires a target 11% annual return.

Reference no: EM133004671

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