What amount must invest today if return is fifteen percent

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Reference no: EM131959304

Problem

In planning for your retirement, you would like to withdraw $60,000 per year for 13 years. The first withdrawal will occur 20 years from today.

What amount must you invest today if your return is 15% per year?

What amount must you invest today if your return is 10% per year?

Reference no: EM131959304

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